More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows.

The exchange will be open to professional investors and the company is preparing to welcome retail users in “coming months.”

The directional change suggests an end to the quantitative tightening that roiled cryptocurrencies last year.

The tokenized gold market reached over $1 billion in value last month, the report said.

Ether Options Trading Volume Surpasses Bitcoin As Shanghai Upgrade Drives Demand for Bullish Bets

Shapella’s stable rollout likely drove positive sentiment to Ethereum staking-based protocols.

Ethermint enables the use of Ethereum smart contracts within the Cosmo ecosystem and is employed by several chains, including Cronos, Kava, and Canto.

The non-binding poll seeks to do a temperature check of sentiment toward launching yETH.

The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand.

Bitcoin has continued its more moderately-paced momentum, inching toward $31K. ALSO: CoinDesk columnist considers Shapella’s immediate and potential long-term impact.