Condividi questo articolo
Ethereum’s Shanghai Upgrade Only a Small Step Forward: Bank of America
The blockchain’s likely inability to increase throughput in the short term and increasing competition from alternative networks will constrain its adoption and usage, the report said.
Di Will Canny
Ethereum first introduced the idea of blockchain operating systems compatible with smart contracts and decentralized applications, but the platform suffers from limited throughput despite benefiting from this first-mover advantage, Bank of America (BAC) said in a research report from last week.
The Shanghai upgrade (aka Shapella), due to occur later Wednesday, will enable validators to withdraw staked ether and rewards that have been locked up.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
The Shappella upgrade does not address scalability, “but acts as a precursor for future upgrades, providing a small step forward,” analysts Alkesh Shah and Andrew Moss wrote.
Bank of America sees Ethereum upgrades as “significant technological accomplishments, but not necessarily more significant or advanced than those implemented by next-generation blockchains that have emerged as viable alternatives.”
The bank says Ethereum’s likely inability to increase throughput in the short term and increasing competition from alternative blockchains will constrain its adoption and usage.
Ethereum’s “long-term viability” is dependent on the execution of its development road map, the report said. This includes the implementation of a sharding approach called Danksharding, which aims to reduce the costs of transactions originating on scaling solutions and cut the processing and storage requirements for validators.
However, Danksharding is still years away, which increases the risk that developers will move to other blockchains to build applications, the note said.
The main concern around the Shanghai liquidity event is that validators could withdraw and sell staked ether , which makes up 16% of the total ETH supply, but the withdrawal process is designed to “prevent a short-term mass exodus of validators and the resulting security risks,” the note added.
The bank expects heightened volatility around the upgrade due to decreased liquidity, derivatives activity, and because of the ether price action seen around the previous upgrade, the Merge.
Read more: Ether Capital CEO; Shanghai Upgrade Likely to Be ‘Nonevent’ on ETH’s Price
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Stablecoin Adoption Is ‘Exploding' — Here's Why Wall Street Is Going All-In
Alchemy co-founder and president Joe Lau said stablecoin adoption is exploding as banks, fintechs and payment platforms push beyond the USDT/USDC exchange era.
Ano ang dapat malaman:
- Stablecoin usage is quickly broadening from crypto-native exchanges into payments, payroll and treasury as companies chase 24/7, digital-native settlement, according to Alchemy Co-founder and President Joe Lau.
- Banks are pushing tokenized deposits as a regulated, bank-native alternative that delivers stablecoin-like benefits for institutional clients.
- The endgame is a two-track system — stablecoins for open, two-party settlement; deposit tokens for bank ecosystems, until scale forces convergence and competition, Lau said.
Top Stories
