According to Bloomberg News, Ethereum real estate developers indicated that the Shanghai upgrade to be carried out in March will enhance the role of withdrawing ETH.

This determination adds gratifying comfort to the stakeholders and vested interests, who have now seen the dawn at the end of the tunnel after their constant speculation about the permanent token lock.

Since the launch of Beacon Chain in November 2020, the Ethereum deposited into the pledge contract has accumulated at a relatively stable rate. At this stage, 15.9 million ETH has been deposited, with the use value of about 19.8 billion US dollars, accounting for 13.2% of the supply.

What will Ethereum do now?

According to the data from Messari, Ethereum is the lowest interest proportion in all PoS chains. The shareholding ratio of other key PoS chains is 46%, and that of BNB is 90%.

Twitter Customers@MStiiveIt is estimated that March is coming "Substantial improvement"Ethereum will have a charge, which will promote a higher proportion of charges and be more consistent with other chains.

However, some people speculate that allowing cash withdrawal will cause large-scale loss of ETH, thus increasing the pressure on the already weak market sales work. The sales market is still struggling due to the scandal of the previous year.

Shanghai's Expectations

This is the next major upgrade of Ethereum Internet in Shanghai after the joint venture in September 2022. Important highlights of the estimated specific content include:

Although some people hold a negative attitude towards Shanghai, @ TheEliteCrypto believes that upgrading is undoubtedly the second largest driving force for the rise of digital currency. It may even cause the return of total demand before FTX.

"The exciting idea is that Shanghai may be upgraded to promote#Ethernet interface。 Who knows, maybe we will see it achieve 1.6K! Good morning, dear!“