1 year in review: Ethereum after The Merge

0
8
1 year in review: Ethereum after The Merge


1 year in review: Ethereum after The Merge

Deflationary coin

When it was a Proof of Wook blockchain, the ETH inflation rate was 3.15%/year. But within a year after The Merge:

  • 679,000 ETH released
  • 981,000 ETH burned
  • Total: -302,000 ETH

Ushering in the era of Liquid Staking

Proof-of-Stake brings the long-awaited staking feature to ETH. According to data from DefiLlama, there is $19.5 billion in ETH staked in current protocols, with Lido Finance accounting for 72% of the market share.

Consumes less energy

According to data from The Cambridge Center for Alternative Finance, the amount of electricity used by the Ethereum network decreased by 99.9% after The Merge.

In times of downtrend like this, is ETH everyone's priority choice?

submitted by /u/Frosty_Pop_7617
[comments]



Source link