Following Ethereum's historic Shanghai upgrade, some key takeaways have emerged regarding staking. The upgrade allowed Ethereum stakers to withdraw their funds from the mainnet, and Kraken U.S. staking customers have been mostly removed from the system due to regulatory action taken against the exchange. Coinbase is the largest entity still waiting to withdraw staked funds, with over 55,000 ETH primed to exit. The net amount of Ethereum being staked is positive, indicating that more addresses are depositing their Ethereum than withdrawing. This suggests that people are bullish on staking with Ethereum and scooping up extra ETH-denominated yield. Liquid staking leaders, including Lido Finance, have also been boosted by the upgrade, with Lido's staked ETH commanding 79% of the total market of entities measured.

(By Liam J. Kelly)