February 17, 2023, 3:44PM EST
• 8 min read

Layer by Layer: Ethereum Withdrawals Loom in Upcoming Shanghai Upgrade

Quick Take

  • The Ethereum Shanghai hard fork is slated to occur in a matter of weeks, marking the most significant upgrade for the network since the Merge in September 2022
  • The ability to withdraw staked ETH and accumulated validator rewards will be enabled for the first time, pushing concerns of widespread ETH withdrawals and subsequent sell pressure to the forefront of conversations surrounding the upgrade
  • In this report, we take a dive into the current state of Ethereum staking and the key factors to monitor leading up to Shanghai

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here