>Shanghai enabled withdrawals for Ethereum’s proof-of-stake validators.
>the market capitalization of Ethereum has declined 17% from $230 billion when Shanghai activated to $190 billion today, while daily transactions have dropped 14% from 1 million at activation to 860,000.
>Daily active wallet addresses on the Ethereum network also fell 19% from 438,000 to 351,000 while Ethereum’s total value locked (TVL) — a popular metric of the amount of money committed to so-called decentralized finance (DeFi) applications on a blockchain — declined 30% from $30 billion to $21 billion today.
>Ethereum-based NFTs have continued to fade in popularity. Tens of thousands of such collections now have lost 100% of their value, with a floor price of $0.
>Ethereum DEX volumes have declined 70% from $1.5 billion from Shanghai activation day to $446 million today.