Investors have been piling into Ether and other staking tokens due to anticipation of Shapella, the upcoming upgrade to be implemented in the Ethereum blockchain on April 12th. This upgrade will enable users to withdraw their staked ether, as it is currently not allowed for withdrawal or free trade. This will instantly and significantly increase their return on investment. Yielding staking and capital capturing products will be made more accessible to users who were previously deterred from the complexity of ether staking.

To take advantage of the staking and yield-benefiting products offered, investors are opting for Liquid Staking Derivatives, tokens issued by platforms that offer liquidity and staking benefits. These tokens have become one of the most sought after investment products of this year and the token prices have been rising due to traders betting on the potential growth of decentralized staking projects post-Shapella.

The overall crypto market capitalization increased by 3%, however, LSD tokens saw a 6% increase on average and some of the most popular tokens, like LDO and RPL, rose 5% and Staders’s SD surged 22%. Ether (ETH) also saw a 5% growth and is currently trading at the highest price since August 2022 at $1,920. Ethers open interest, or the number of unsettled contracts, has also risen, now amounting to $5.6 billion in the past 24 hours with a total value traded of $23 billion on cryptocurrency exchanges.

The Shapella upgrade could bring noticeable benefits to investors willing to stake ether, allowing them to capture yields directly from the blockchain, increase liquidity and accessibility of these products, and potentially increase their return on investment.



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