Ethereum's highly-anticipated network upgrade is here. Here's how the change will impact the world's 2nd biggest cryptocurrency.
Ethereum's highly-anticipated software upgrade went live late Wednesday, and its implications for the second-largest cryptocurrency are huge.
"In the long run, the Shanghai upgrade brings native [ether] yield to a truly free market, which I believe is a requirement for real growth," Fakhoury added."As the withdrawal queue clears out, liquid staking protocols will be able to compete on more even terms as outflows from worse to better opportunities can be acted upon by market participants."
"Shapella is beneficial to the Ethereum project and should be regarded as a bullish event," Ben Caselin, vice president at crypto exchange MaskEX, told Insider."Overall, we could expect some volatility around the event as is often the case when Ethereum goes through another upgrade, mostly because crypto markets are still primarily sentiment driven."
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