Bank of America: The Ethereum Shapella upgrade did not solve the scalability issue

ChainCatcher News, Bank of America stated in a research report last week that Ethereum was the first to introduce the idea of a blockchain operating system compatible with smart contracts and decentralized applications, but despite benefiting from this first-mover advantage, the platform's throughput remains limited.

Analysts Alkesh Shah and Andrew Moss wrote that the Shapella upgrade did not address scalability issues, "but it was a small step forward as a precursor to future upgrades." Ethereum may not be able to increase throughput in the short term, and the growing competition from alternative blockchains will limit its adoption and use. The main concern surrounding the Shanghai upgrade is that validators can withdraw and sell their staked ETH, which accounts for 16% of the total ETH supply, but the withdrawal process is designed to "prevent a short-term mass outflow of validators and the resulting security risks." (source link)