The Shapella update, activated on April 12 in Ethereum, had a positive effect on the network only. The freedom to withdraw palimpsest ethers (ETH) seems to promote more validators to contribute to the security of the network, with more than 60,000 waiting to be able to act in turn.
According to Coin Metrics, as of mid-May until the writing of this article, more than 10,000 users have joined the queue to enter the Ethereum validator. The network allows the entry or exit of 1,800 validators per day, I keep the document.
This long-awaited line is extremely high since the creation of the Beacon Chain in December 2020, the quoted source indicates. Conversely, the number of validators waiting for their chance to go out on the station went down. It has gone from 11,000 at the beginning of the month to less than 1,000 today.
In total, 1.1 million validators have already exited Ethereum Staiding, according to Thochen Insights. However, at the end of this note there are more than 581,000 validators, and the index will reach a list of about 640,000 validators when all those who are waiting are entered.
ETH moves after Shapella
As reported in CryptoNews, a few days after Shapella, one million ETH has already been withdrawn from the network stage. However, the net balance has almost always been positive, according to data shared with Dune Analytics analyst hildobby.
At press time there are 18.6 million ETH deposited on the beacon chain by Ethereum validators. In May 2023 alone, 3.1 million ETH were stored, Beaconcha.in indicates.
Most of the days it comes from Shapella, ETH more than from Ethereum staking. Source: @hildobb / Dune Analytics.
Another trend reported in this journal after Shapella is the increase in the volume of ETH thrown in liquid pools, such as Lido or Eruca Pool. These platforms share the “stealing” market from centralized counterparts, such as Coinbase and Binance. Thus, Lido, the platform that recently made abstractions, dominates 30% of the Ethereum market.