On-chain data reveal that the quantity of Ethereum released every day has been dramatically reduced since the Merge, indicating that the asset is on its road to becoming deflationary. Update 29 September 19:30: The current supply growth rate is 0.09%, with 14,042,583 ETH now in the Ethereum staking contract, totaling $18.7 billion. Since the Merge, […]
Tag: the merge
October 6, 2022
September 22, 2022
Ethereum Miners Sold Almost 30K ETH Since The Merge
Since the merge – Ethereum completely abandoned proof-of-stake in order to adopt a staking consensus. As of right now, the Ethereum mining community has sold over $40 million in ETH. According to research from OkLink, the dump began a week before the merge. Recent reports estimate that Ethereum miners sold nearly 15 thousand Ether in […]
September 22, 2022
Ethereum Falls 20% After SEC Potentially Classifying Ether As Security
Despite last week’s successful shift to proof of stake, Ethereum has recently dropped by more than 20% as the shadow of a major US regulations falls over its expanding aspirations. The transition changed Ethereum’s consensus from proof-of-work, to PoS – which requires far less energy when compared to cryptocurrency mining. However, this transition could also […]
