The Ethereum Shanghai upgrade has officially launched, and this important update introduces a withdrawal mechanism for staked ETH, successfully addressing the long-standing liquidity exhaustion issue that has plagued the network.

This technological transformation brings significant improvements, enabling staking tokens such as stETH and rETH to achieve instant redemption capabilities, greatly enhancing the availability and practical value of staked assets. The market has responded positively, with preliminary data indicating investor sentiment is optimistic, suggesting that the "liquidity cycle" and "yield cycle" are likely to achieve synchronized development.

The upgrade marks a new stage in the Ethereum staking ecosystem, providing users with higher capital efficiency and more flexible market participation options. With the restructuring of the liquidity model, the Ethereum network has successfully enhanced the economic attractiveness and practicality of the staking mechanism while maintaining security.