On November 6th, Klaytn was upgraded to version 1.11.1, which includes bug fixes and Cypress hard fork block number configuration. This version explains the Cypress hard fork block number, which is applicable to the Shanghai EVM compatible feature implemented in V1.11.0. <br>

New data from Dune Analytics shows that 20% of the total supply of Ethereum has been staked, with a net flow of 4.46 million ETH recorded since the Shanghai Upgrade went live. Despite the ability to withdraw staked Ether from its consensus mechanism, the upgrade has sparked a renewed wave of deposits instead of a surge of withdrawals.

July 4 (Cointime) - According to a report by blockchain intelligence firm Glassnode, Ethereum staking has seen a surge in deposits since the Shanghai upgrade, with Lido Finance maintaining its dominant position in the network's staking pools.

ETH staking and DeFi markets are about to be turned on with the upcoming Shanghai Upgrade. And the best part? We will see huge potential for staking derivatives and DeFi protocols. Will it be the ultimate game changer for ETH staking and DeFi? Find out!&#129525;&#128071;

Ethereum has switched to a proof-of-stake blockchain after its Merge event in September, with validators staking their Ether to confirm transactions. The Shanghai upgrade in March allowed stakers to withdraw their locked Ether and introduced fixed-income assets to the network.

This artic is exploring the coalescing of narratives in liquid staking derivatives, the Shanghai Upgrade, eigenlayer, and beyond.

The liquid staking platform Lido has surpassed 6 million ether (ETH) in deposits, as investors seek to take advantage of the benefits of staking without sacrificing liquidity. The platform has seen a significant increase in deposits in recent weeks, with the recent Ethereum network upgrade in Shanghai cited as a key factor driving investor interest.

The recently implemented Shanghai upgrade in the Ethereum blockchain allows validators to access their staked assets and rewards. However, the SEC and CFTC are increasing their scrutiny of the staking arm of digital asset companies, leading to concerns about centralization. Over 30% of staked ETH is facilitated by exchanges, but regulatory actions against Kraken, Coinbase, and Binance regarding their staking activities have raised concerns. Some commentators argue that the SEC's actions are attempting to make staking completely decentralized, where users deal directly with the protocols without staking pools.

Early signs show that Ethereum’s seamless Shanghai upgrade has spurred institutional investors’ interest in staking.

Ethereum finally completed another step for it to be a fully Proof of Stake chain.