Ethereum Shapella Upgrades Leads to Capital Moving from CEX to DeFi, Here'sHow

After the successful implementation of the Shapella (Shanghai + Capella) upgrade last week, the ETH price registered a strong 10% rally moving past the $2,100 level. Ever since the launch of Shapella, more than 1 million ETH worth $2.1 billion have been withdrawn from the Beacon chain so far.