Ethereum's Upgrades and Market Movements: A Brief Overview.

1 min read
Source: Reuters
Ethereum's Upgrades and Market Movements: A Brief Overview.
Photo: Reuters
TL;DR Summary

Ethereum's latest software upgrade, Shapella, will allow investors to redeem over $30 billion worth of staked ether tokens that they have deposited in return for interest on the blockchain network over the past three years. The upgrade is expected to lead to heightened volatility for ether, with some investors predicting that widespread redemptions could lead to a wave of selling, in turn weighing on the price of ether. Despite its popularity in decentralized finance applications, Ethereum remains little used in mainstream commerce or finance.

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