Ethereum Shapella Upgrade Is Done And Dusted, But Here's How Much You'd Have If You Invested $100 After The Merge Wrapped Up

The much-anticipated Shapella hard fork has finally been executed on the Ethereum ETH/USD mainnet, signaling the end of a long wait for Ethereum validators. 

What Happened: Following the fork's completion on Wednesday, Ethereum proof-of-stake validators were able to withdraw their staked Ether from the Beacon Chain.

Beaconchai.in, an Ethereum block explorer, reported that within the first hour of the update, 12,859 Ether was unlocked in 4,333 withdrawals.

The Shapella hard fork marks the second big update to the ETH Network, with the previous one being "The Merge" on Sept. 15, 2022, when the network transitioned from Proof of Work to Proof of Stake. 

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At the successful completion of The Merge, ETH was trading at $1580, and it is now trading at $1990 at the time of writing.

If you had invested $100 in Ethereum on the day when the Merge was successfully carried out, your return on investment (ROI) would be $125. This translates to a gain of 25%.

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