Ethereum’s ongoing price plunge can be a result of this ‘ghost from ETH’s past’

Ethereum’s [ETH] circulating supply has dropped considerable since the much-awaited Merge. According to data from ultra sound money, the supply of the leading altcoin has increased by just 5,000 and an annualized inflation rate of 0.19% since 15 September. Data from the same source revealed that if a PoW consensus mechanism still powered ETH, its … Read more

Ethereum [ETH] traders going long must know these Q3 stats

Cryptocurrency research platform Messari, in a new report, assessed the performance of Ethereum [ETH] in Q3 2022. Titled “State of Ethereum Q3 2022,” Messari found that the blockchain witnessed an uptick in activity on the network in Q3 over the last quarter. However, the network also logged some sectoral declines and suffered a general drop … Read more

Ethereum: Assessing every nook and cranny of PoS network since merge

Described by Glassnode as the “most impressive feats of engineering in the blockchain industry,” the final transition of the Ethereum network from the consensus mechanism of Proof-of-Work (PoW) to Proof-of-Stake (PoS) occurred on 15 September. On 15 September at 06:46:46 UTC, the last PoW mined block was produced at Ethereum blockheight 15,537,393, following which the … Read more

Decoding why Ethereum [ETH] investors are unhappy after 15 Sept.

Despite being the most significant event in the history of its chain, the Ethereum merge has since failed to influence a positive price reaction for the leading altcoin, Ether [ETH].  According to data from CoinMarketCap, moments after the merge, the price of ETH rose to a high of $1634, after which it declined steadily. As … Read more

How did Lido Finance [LDO] do, before and after Ethereum’s Merge

Prior to the Ethereum mainnet Merge, the majority of all Ether (ETH) staked ahead of the transition of the Ethereum network to a proof-of-consensus mechanism was done on Lido Finance.  Interestingly, data from Dune Analytics revealed that at press time, with 4,170,811 ETH staked with the liquid staking platform, it still holds over 30% of … Read more

ETHW: 90% miners may go bankrupt as forked network sees a rocky start

Sequel to its launch on the mainnet on 15 September, the proper take-off of the forked Ethereum Proof-of-work (ETH-PoW) has been hindered by glitches. As a result, the post-Merge PoW blockchain remains inaccessible just two days after its launch.  In an interview with Coindesk on 16 September, Ethereum miner Chandler Guo made some bold claims … Read more

ETH whales decreased their holdings prior to Merge- Here’s why

In the last three months leading up to the final transition of the Ethereum mainnet network into a proof-of-stake consensus mechanism, data from Santiment revealed a disparity in the ETH holding behavior of whales on the network. According to the on-chain analytics platform, the count of ETH whales that hold between 1000 to 10,000 ETH … Read more

Decoding Ethereum’s post Merge scenario and everything in between

OKLink, a leading blockchain explorer, shared some news related to the current Ethereum Mainnet with the Beacon Chain PoS system. At press time, the system Merge of the two systems was 99.75% completed.  The complete transition is symbolized by the Paris upgrade. Further, the upgrade will be triggered by the Terminal Total Difficulty (TTD) of … Read more

Should Optimism [OP] holders rejoice with Ethereum’s Merge coming up

Optimism’s OP was not left behind as the rest of the market registered double-digit price upticks over the past week. In fact, according to CoinMarketCap, the price of the Layer 2 (L2) token rallied by 16% over the last seven days.  Designed as an optimistic rollup network to enhance the scalability of the Ethereum Chain, … Read more

Why Ethereum’s Beacon Chain stands to be of utmost importance post-Merge

The Ethereum Beacon chain is a ledger of accounts that conducts and coordinates the network of stakers. It was designed to replace proof-of-work (PoW) mining on the current Ethereum Mainnet. Blockchain analytics platform Glassnode and crypto price tracking platform CoinMarketCap released a new report. The newly published report assessed the state of the Ethereum Beacon … Read more