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US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments
Ethereum voluntary exit count explodes in wake of Shanghai upgrade Ethereum voluntary exit count explodes in wake of Shanghai upgrade James Van Straten · 2 years ago
Insights Ethereum

Ethereum voluntary exit count explodes in wake of Shanghai upgrade

Second highest voluntary exit count since the merge, further bearish pressure on Ethereum

James Van Straten / @jvs_btc / Mar. 17, 2023 at 5:37 pm UTC

Quick Take

  • The Ethereum voluntary exit count exploded on March 16, the second-highest count since the merge.
  • This is the total number of validators who have voluntarily exited the validator pool.
  • So where a validator opts to cease participating in consensus and enters the exit queue, these validators no longer propose or attest to blocks. Still, the ETH stake cannot be withdrawn until the Shanghai upgrade is online.
  • There were 183 voluntary exits on March 16, the highest recorded number since the merge.
  • In addition to the ETHUSD price going up, fees have started to explode, the highest year to date.
Total Transaction fees: (Source: Glassnode)
Total Transaction fees: (Source: Glassnode)
Voluntary exit count: (Source: Glassnode)
Voluntary exit count: (Source: Glassnode)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).

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