Amid the bear market and the fall of FTX, the crypto industry is still struggling to get back on its feet as innovation and technological advancement continue.
However, the market has shown signs of improvement in the first week of 2023, with the Ethereum ecosystem leading the way. According to a report by blockchain data analytics firm Nansen, Ethereum liquid staking platforms have seen a significant increase in price in recent weeks.
Liquid Staking Protocols Spike as Staked ETH Hits ATH
Per the report, this surge is largely due to the upcoming Shanghai upgrade on the Ethereum network scheduled to go live in March. The highly-anticipated upgrade will enable investors to withdraw their assets currently locked in various staking protocols while significantly reducing the risks involved in staking ETH.
Just as the Merge that happened last year built up bullish momentum in the weeks leading up to the event, the Shanghai upgrade is currently driving massive hype within the crypto market.
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We współpracy z: https://cryptopotato.com/first-look-at-emerging-crypto-trends-in-2023-nansen/
