Ethereum’s supply has dipped to a new low since the Shanghai upgrade, fueled by a surge in market and on-chain activities. Over $58 million in ETH has been burned recently, indicating a strong deflationary trend within the network.

It has been more than a week now since Ethereum successfully launched the Shapella upgrade and the option to withdraw staked ETH became available. The amount of ETH withdrawn so far exceeds one million, or about 5% of the ETH that was initially locked.

Finally, Ethereum's long-awaited Shapella (Shanghai + Capella) upgrade is live! With the upgrade successfully implemented, validators can now withdraw staked ETH.

Ethereum's eagerly anticipated Shapella upgrade is finally on its way. Already implemented on the Goerli testnet, the upgrade is scheduled to go live on the mainnet on April 12. Meanwhile, the world's first zkEVM mainnet, the zkSync Era, is now accessible to all users.

There is only a short time left before the next significant Ethereum network update - the Shapella (Shanghai + Capella) Upgrade. This upgrade will introduce one of the network's most awaited features - the capacity to withdraw staked ETH.

Ethereum developers are removing unnecessary elements from the Shanghai Upgrade to allow users to withdraw stacked ETH as soon as possible.

A major update of the Ethereum network will take place in the near future. The developers said that they plan to carry out the Shanghai Network Upgrade in March 2023.

A major update for Ethereum is coming - Shanghai upgrade. What will this new upgrade bring to one of the main blockchains in the world?