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OKX Survey: 83% of Community Expects More ETH Staking Around Shanghai-Capella Upgrade, 63% See New Record High by End of 2023

OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today released the findings of a survey on the perceived market impact of the two-part Shanghai-Capella (a.k.a. Shapella) upgrade, which is slated for April 12 and will enable withdrawals of staked ether (ETH). 

17.9 million ETH was staked as of April 5, 2023. This was equivalent to over USD34 billion. The APR investors earn on staked ETH is currently 4.65%, a figure that decreases as the pool of staked ETH increases.

OKX will begin processing withdrawal requests for staked ether within one week of Shapella going live, following the company’s completion of on-chain code audits to ensure customer safety.

The survey was conducted by OKX from March 1-5, 2023 with 700 ETH traders, investors, and network developers at the ETH Denver conference.

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