
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$105,270.00
3.56%$2,408.87
6.74%$2.19
8.65%$640.42
2.88%$144.53
7.99%$0.999849
0.00%$0.27195
1.99%$0.16361
6.78%$2,409.08
6.95%$0.581191
6.34%$105,117.00
3.47%$36.93
4.28%$2,894.55
6.31%$2.80
12.28%$459.89
1.30%$13.07
10.30%$9.15
1.04%$0.246805
6.85%$18.10
6.07%$0.999823
0.02%$2.90
5.40%$48.20
0.16%$0.00001168
8.34%$84.58
4.78%$0.151462
10.26%$2,408.53
6.65%$1.00
-0.12%$2,577.16
6.59%$316.71
4.72%$1.001
0.02%$3.42
6.69%$4.23
4.00%$105,242.00
3.59%$0.00000997
12.59%$6.94
10.24%$0.531378
5.78%$259.81
12.32%$1.18
0.10%$354.15
15.02%$51.78
0.94%$1.00
0.00%$4.31
8.23%$1.057
0.03%$2.18
13.75%$0.08497
5.14%$4.94
7.62%$174.99
7.83%$16.31
6.36%$0.769092
13.75%$27.93
2.20%$0.999645
0.04%$0.606413
3.09%$16.43
0.49%$0.075438
14.11%$4.44
0.10%$9.31
7.36%$0.02158518
10.03%$4.03
7.57%$0.68382
14.00%$0.082722
10.43%$105,212.00
3.59%$3.24
13.53%$0.268174
9.86%$0.180835
3.90%$0.283371
41.45%$0.311792
15.53%$2.28
9.08%$0.179007
11.46%$0.933576
12.58%$1.00
0.13%$4.37
4.15%$0.999971
0.01%$2,408.05
6.93%$98.66
8.51%$10.99
1.99%$1.001
0.08%$152.56
7.52%$0.415116
18.76%$0.202077
7.12%$1.18
1.98%$1.24
16.74%$0.01693499
5.14%$11.59
17.62%$2,741.44
6.57%$2,522.48
7.02%$0.00001411
13.40%$1.67
20.02%$1.59
12.36%$0.340723
22.20%$1.031
13.93%$1.001
0.04%$0.999483
0.07%$0.6421
12.89%$0.05961
5.82%$0.550815
11.63%$1.00
0.05%$3.16
2.06%$2,578.77
7.08%$105,009.00
3.21%$1.11
0.02%$2,522.74
6.84%$640.12
2.88%$3,348.17
-1.14%$0.864923
23.66%$105,049.00
3.32%$106,694.00
3.71%$3,325.08
-1.38%$0.082796
11.27%$0.515553
7.32%$2,523.27
6.43%$0.580565
9.24%$0.418368
11.95%$161.71
8.21%$2.13
7.74%$0.00007379
13.79%$188.15
7.77%$111.54
0.02%$2.18
6.55%$0.826174
8.55%$0.679997
11.91%$2,602.91
6.69%$0.01407373
25.04%$42.09
10.03%$0.99875
0.06%$0.0101624
0.82%$0.709581
7.17%$1.088
-0.59%$0.01405447
10.78%$0.256039
8.81%$18.73
8.02%$0.161517
7.80%$0.00989099
16.02%$0.235804
9.43%$0.00000062
10.02%$30.76
5.26%$0.997505
0.00%$1.98
2.87%$104,485.00
2.70%$3.56
7.60%$0.427301
10.61%$0.532249
7.08%$0.096819
9.97%$0.513658
14.49%$2.06
10.69%$105,025.00
3.76%$37.03
4.98%$2,408.63
6.61%$2,409.50
6.73%$0.330609
7.53%$0.522908
6.02%$105,256.00
3.42%$2,573.10
6.84%$2,521.46
6.61%$0.262794
8.25%$0.622115
9.21%$0.998253
-0.07%$0.01432151
8.29%$1.00
0.06%$1.37
8.61%$2,411.12
6.77%$0.423275
3.51%$7.75
0.02%$47.64
6.38%$0.060713
-0.28%$0.999807
0.00%$0.999465
-0.03%$2.34
4.33%$37.03
4.11%$0.04295751
17.06%$0.163126
6.40%$1.36
15.61%$0.418454
10.36%$0.160262
6.43%$1.091
0.04%$1.007
0.89%$0.0000004
1.59%$0.00428942
24.85%$5.56
8.60%$0.00678993
18.36%$1.002
0.33%$0.327845
15.60%$0.115476
10.27%$13.64
9.73%$2,405.70
6.57%$0.00001872
6.28%$1.001
0.04%$2,559.61
7.21%$2.27
9.13%$0.515551
7.54%$0.491043
9.44%$0.974624
12.27%$0.00000093
21.14%$0.070174
9.09%$1.15
13.10%$0.352921
8.80%$0.353322
4.31%$0.00346567
26.70%$0.165145
-1.10%$0.00397472
15.36%$1.42
8.30%$0.03531857
7.71%$1.18
-1.41%$5.18
5.29%$0.0342451
1.63%$0.135335
13.84%$2,655.70
6.67%$105,048.00
3.37%$105,213.00
3.74%$19.77
1.62%$0.01666639
1.65%$0.999948
-0.00%$2,632.49
6.54%$0.784781
32.88%$0.999254
0.02%$1.001
0.11%$157.40
8.05%$0.03126234
4.76%$2,407.89
6.65%$0.00005556
5.80%$1.11
10.31%$1.00
0.03%$0.303743
15.47%$10.04
2.77%$0.702489
3.57%$0.446069
6.75%$0.04529027
14.82%$0.00344499
6.78%$2,408.33
6.81%$109.17
6.37%$0.061794
10.99%$105,334.00
3.29%$0.00529916
16.86%$0.614591
19.03%$18.11
6.36%$0.600175
8.29%$1.002
0.42%$1.67
-1.15%$0.00000133
0.13%$103,210.00
3.98%$2,112.54
3.55%$0.181887
4.32%$1.017
0.04%$6.28
13.65%$102,688.00
4.04%$0.0036996
16.32%$0.181579
7.61%$0.99942
0.02%$20.02
7.54%Reading
The price of Ethereum jumped 4.7% overnight, per CoinGecko data, as the second-largest cryptocurrency approaches its much-anticipated Shapella upgrade on April 12.
Shapella is the joined term for two key improvements coming to the Ethereum network: Shanghai and Capella. These refer to unlocking withdrawals for staked Ethereum on the network at the execution layer and on the consensus layer, respectively.
Notably, Ethereum’s price action has also outpaced Bitcoin's increase of 1.3% during the same period.
Next week’s upgrade will enable ETH withdrawals from the staking contract, lowering the risk of holding staked Ethereum (stETH), also known as liquid staking derivatives (LSDs) via platforms like Lido Finance.
As such, governance tokens linked to various liquid staking platforms have also enjoyed a hefty rise in price. These platforms emerged to let Ethereum holders stake their ETH and earn a liquid staking token in return. This token could then be reused throughout the world of DeFi to earn additional yield.
The governance tokens of top liquid staking platforms in Lido DAO (LDO), Rocket Pool (RPL), and Frax Shares (FXS) enjoyed double-digit percentage gains in the last 24 hours.
Overall, these LSD tokens have yielded higher percentage gains, at least twice that of ETH in 2023. The top LSD tokens have recorded up to 150% compared to Ethereum's near 65% gains year-to-date.
Currently, decentralized liquid staking platforms account for 33.3% of the total staked ETH. Lido DAO is a clear leader within this space, with a 93.79% share.
Shapella is the most important Ethereum upgrade since the network’s merge event last September when the protocol moved from a proof-of-workproof-of-work (PoW) consensus mechanism to a proof-of-stakeproof-of-stake (PoS) mechanism.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.