Ethereum Shanghai upgrade inches closer with massive 17.4M ETH staked by community
Definition
- Realized Price for the Ethereum network 🔵, capturing the average price at which the entire ETH supply last moved on-chain.
- Realized Price for PoS Deposits 🔴, capturing the average deposit price for all staked ETH.
- Aggregate Unrealized Profit/Loss on Deposits 🟡, calculated as the difference between the Realized Price for Deposits, and the Spot Price, multiplied by the total ETH value staked.
Quick Take
- Ethereum Shanghai upgrade is on the horizon later this month.
- As a result, stakers can withdraw their tokens from Ethereum POS smart contract.
- The total staked amount in ETH is roughly 17.4 million; this has grown by 4 million since the merge in September 2022.
- The current realized price for Ethereum is $1,380, while the ETH 2.0 deposits realized price is roughly $2,153.
- Roughly $8.5 billion of unrealized losses, while most staked ETH is currently at a loss.