Cryptocurrency

Ethereum voluntary exit count explodes in wake of Shanghai upgrade

quick take

  • Ethereum’s number of voluntary exits exploded on March 16th, reaching the second highest number since the merger.
  • This is the total number of validators that have voluntarily left the validator pool.
  • So when validators stop participating in consensus and enter the exit queue, these validators no longer propose or prove blocks. Still, you will not be able to withdraw your ETH stake until the Shanghai upgrade is online.
  • There were 183 voluntary resignations on March 16, the highest since the merger.
  • In addition to the rising ETHUSD price, fees have started to explode and this is the best year yet.
Total Transaction Fee: (Source: Glassnode)
Voluntary Exits: (Source: Glassnode)
Voluntary Exits: (Source: Glassnode)

The number of voluntary terminations for Ethereum exploded in the wake of the Shanghai upgrade, which first appeared on CryptoSlate.

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