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Hace 6 horas Ethereum upgrades attract institutions but fail to boost on-chain user activity. ETH sees record inflows despite muted retail interest and rising inflation concerns. Despite The rise in ether (ETH) staking since the Merge and Shangha i upgrades has come at a cost to Ethereum as the network has become more centralized and the overall Ethereum’s Shanghai upgrade, scheduled for mid-March, will raise the blockchain’s staking ratio in the medium term, JPMorgan (JPM) said in a research report Wednesday. There is plenty of The recent surge in Ethereum staking has resulted in increased centralization and reduced staking yield, said JPMorgan analysts. They highlighted Lido controlling the JPMorgan’s latest report analyzes concerns related to Ethereum’s increasing centralization after the Shanghai merger and upgrades and its impact on staking returns. Ethereum’s Shanghai upgrade, scheduled for mid-March, will raise the blockchain’s staking ratio in the medium term, JPMorgan (JPM) said in a research report In September 2025, Ethereum made the bold transition from proof-of-work to an environmentally friendly proof-of-stake, a process named the Merge. This upgrade made

JPMorgan Predicts Ethereum Staking Ratio Increase: What\'s Next?

JPMorgan (JPM) anticipates Ethereum\'s Shanghai upgrade, expected mid-March, will raise the blockchain\'s staking ratio in the medium term, according to a recent research report. This prediction highlights a key trend in the evolving Ethereum landscape. But what does this mean for the future of ETH staking and the Ethereum network itself?

Ethereum Staking Centralization Concerns: A JPMorgan Analysis

JPMorgan\'s latest report analyzes the growing concerns about Ethereum\'s centralization following the Merge and subsequent upgrades. The recent surge in Ethereum staking has, according to JPMorgan analysts, resulted in increased centralization and reduced staking yield. They specifically highlighted Lido\'s controlling stake as a factor contributing to this trend. This echoes sentiments expressed in other reports, as "Hace 6 horas Ethereum upgrades attract institutions but fail to boost on-chain user activity."

The Impact of Shanghai Upgrade on Staking Ratio

The Shanghai upgrade, designed to allow stakers to withdraw their ETH, is expected to influence the staking ratio. While intended to increase liquidity and accessibility, JPMorgan believes it will ultimately contribute to a higher staking ratio in the medium term. This could further exacerbate centralization concerns if a few large players continue to dominate the staking landscape.

Ethereum\'s Transformation Since the Merge

In September 2025, Ethereum made the bold transition from proof-of-work to an environmentally friendly proof-of-stake, a process named the Merge. This upgrade made staking central to the network\'s operation. "Despite The rise in ether (ETH) staking since the Merge and Shangha i upgrades has come at a cost to Ethereum as the network has become more centralized." The post-Merge era has seen significant institutional investment, reflected in "ETH sees record inflows despite muted retail interest and rising inflation concerns."

Looking Ahead: Staking Yield and Centralization

The future of Ethereum staking depends on addressing the issues of centralization and maintaining attractive staking yields. While the Shanghai upgrade aims to improve the overall staking experience, it\'s crucial to monitor its long-term effects on network decentralization and the distribution of staking rewards. There is plenty of room for innovation and further development to ensure a healthy and decentralized Ethereum staking ecosystem in the years to come. Further analysis from JPMorgan will be critical in understanding these evolving dynamics.

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