VICTORIA, Seychelles, April 7, 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).
Key findings include:
83% of those surveyed expect that more ETH will be staked in the next three months
63% of respondents predict that ETH will hit a new record high of over USD5,000 by the end of 2023
79% of those surveyed expect ETH’s price to react differently to Shapella than the Merge(1):
59% think it will keep increasing before and after the upgrade
20% believe ETH will move sideways
33% of respondents think ETH will be over its current six-month high of USD2,000 in June 2023, but still below its 12-month high of USD3,000
34% of those surveyed predict ETH at below $2,000, while 33% believe it will be at least $3,100 by June 2023
17.9 million ETH was staked as of April 5, 2023(2). This was equivalent to over USD34 billion(3). The APR investors earn on staked ETH is currently 4.65%(4), 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.
ETH declined in price immediately before and after the Merge in September 2022
The explosive growth of Ethereum staking has transformed how crypto holders earn rewards—chasing the best ethereum staking APY is now a core strategy for yield-seekers worldwide. Whether you're new to
2 nov. 2025
OKX
Ethereum
What is Layer 2? Blockchain & Network Guide
Over 80% of new blockchain users interact with Layer 2 solutions for lower fees and faster transactions. But what exactly is layer 2, and why has it become a game-changer for both blockchain and tradi
2 nov. 2025
OKX
Ethereum
Polygon vs Ethereum: Complete Guide to Networks, Bridging, and Fees
Polygon and Ethereum are two leading blockchain networks reshaping how users access decentralized finance, NFTs, and crypto payments. As Ethereum’s popularity soared, so did transaction congestion and
2 nov. 2025
OKX
Ethereum
What Are Ethereum Rollups? The Complete Guide to Scaling, Security, and User Benefits
Ethereum rollups are transforming blockchain scalability, dramatically reducing transaction costs and congestion on Ethereum’s mainnet. Did you know that over 75% of recent Ethereum transactions are p
2 nov. 2025
OKX
Ethereum
What Are Layer 2 Solutions? Blockchain Scaling Explained
Imagine cryptocurrency blockchains running as smoothly as your favorite streaming service—Layer 2 solutions are making it happen. If you’ve wondered, "what are layer 2 solutions," you’re not alone. As
2 nov. 2025
OKX
Ethereum
What Is Ethereum Layer 2?
Ever been stuck in rush hour, wishing for a special express lane? That’s exactly what happens on the Ethereum network when lots of users crowd in—traffic slows, and costs (gas fees) spike. If you've w