"Ether's Rally Continues After Ethereum Upgrade and Breaks into Top Ten Crypto List"

1 min read
Source: CoinDesk
"Ether's Rally Continues After Ethereum Upgrade and Breaks into Top Ten Crypto List"
Photo: CoinDesk
TL;DR Summary

Ether and other alternative cryptocurrencies, including Dogecoin, saw gains as the "alt season" narrative heats up on Crypto Twitter. The successful Shapella upgrade on Ethereum allowed users to stake and unstake tokens from the network at will, improving the network's overall outlook. Governance tokens of liquid staking protocols, such as Lido's LDO and Rocket Pool's RPL, saw outsized gains. Lido's staked ether tokens (STETH) climbed into the top ten cryptocurrencies by market capitalization of $12 billion.

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