ChainCatcher news, according to on-chain data from 21.co and research analyst Tom Wan, last week saw the largest scale of staked ETH redemptions since the Shanghai upgrade, with 656,200 ETH (approximately $1.6 billion) fully redeemed, 85% of the redemptions led by Figment and Celsius.

ChainCatcher news, Ethereum Classic (ETC) announced that the mainnet will undergo the "Spiral" network upgrade to achieve protocol synchronization with Ethereum's "Shanghai" upgrade.

According to CoinDesk, Coinbase reported that for the first time since the Shanghai upgrade in May, the Ethereum validator queue has cleared, indicating that investor demand for Ethereum staking is stabilizing, with staking yields dropping from 5% to 3.5%.Coinbase stated that if the underlying activity and transaction fees on the network remain stable, staking yields are expected to stabilize due to the slowing growth of validators. Activity on the Ethereum mainnet remained stable in the third quarter, while total transaction volume increased.The report also added that there are no significant technological drivers that would meaningfully impact on-chain activity, as there have been no major Ethereum protocol upgrades prior to the Dencun upgrade.

ChainCatcher message, JPMorgan recently pointed out in a research report that the Ethereum Shanghai upgrade implemented in April has not boosted network activity as expected. The report indicates that since the Shanghai upgrade, Ethereum's daily transaction volume has decreased by 12%, daily active addresses have dropped by nearly 20%, and the total locked value (TVL) of DeFi protocols has fallen by nearly 8%.Moreover, the decline in network activity suggests that the "bearish forces" over the past year, including the collapses of Terra and FTX, the crackdown by U.S. regulators, and the shrinkage of stablecoin issuance, may have outweighed the positive effects of the Shanghai upgrade.

ChainCatcher news, according to Dune Analytics data, the total amount of staked ETH on the Ethereum Beacon Chain has reached 24,062,267 ETH, accounting for 20.21% of the total ETH supply. Among them, the liquid staking protocol Lido has a staking share of 31.99%. Additionally, there has been a net inflow of 4,678,908 ETH since the Shanghai upgrade. (source link)

ChainCatcher message, Token Unlock data shows that after Ethereum completed the Shanghai upgrade, 3.34 million ETH have been unstaked, 6.93 million ETH have been newly staked, and the net inflow to the Beacon Chain is approximately 3.6 million ETH. (source link)

ChainCatcher message, Token Unlock data shows that since the Ethereum mainnet completed the Shanghai upgrade, approximately 2.66 million ETH have been unstaked, and about 3.36 million ETH have been staked, resulting in a net increase of over 703,800 ETH in total staking volume. (source link)

ChainCatcher message, Ethereum programming language Solidity releases Solidity compiler version 0.8.20. The latest version includes a series of improvements to the via-IR pipeline and enhances the list of events exposed in the contract ABI, supporting the Shanghai hard fork upgrade. This compiler switches the default target EVM version to the Shanghai version. (Source link)

ChainCatcher message, Token Unlock data shows that since the completion of the Ethereum Shanghai upgrade, approximately 1.96 million ETH have been unstaked, about 1.5 million ETH have been newly staked, with a net withdrawal of approximately 457,000 ETH. In addition, currently about 450,000 ETH are in a pending withdrawal state. (Source link)

ChainCatcher news, ConsenSys has opened the public minting of the Ethereum Shanghai upgrade commemorative NFT series "Ethereum, Evolved: Shanghai" at 9:00 AM Beijing time. The minting window will be open for 72 hours. Any user can claim the NFT for free using a MetaMask wallet, but must pay the gas fee.It is reported that the series will include two versions: a commemorative edition and a public edition, with the commemorative edition being airdropped to Ethereum core developers on April 13. (source link)