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Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results – Altcoins Bitcoin News

After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether

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Ethereum’s deflation accelerates as Shanghai upgrade looms — Can ETH price avoid a 30% drop?

The price of Ethereum's native token, Ether (ETH), has surged by more than 40% year-to-date to around $1,750, the highest level in seven months. However, ETH price is not out of the woods yet despite several bullish cues such as the Shanghai upgrade in the pipeline. Ethereum price bull trap?Ether's rise has

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Arbitrum Surges Ahead as Ethereum’s Layer 2 Landscape Takes Shape

Arbitrum does not have a token, meaning it relied on the organic growth of its decentralized finance ecosystem to attract users to its platform. It is possible, though, that Arbitrum’s usage numbers have been inflated somewhat by bots designed to farm the platform’s yet-to-be-announced token. (When crypto protocols announce tokens,

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NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements – Markets and Prices Bitcoin News

Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week. Top NFT Collection of the

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Ethereum’s Shapella transition is “on the horizon”

The Ethereum Foundation team announced another milestone on the road to the Shanghai upgrade, with the Shapella fork on the Zhejiang testnet moving into the final pre-launch sequence, according to a blog post on Feb 10.The Shapella transition includes "many features," and "most importantly to stakers and the consensus-layer, is

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Ethereum’s Shanghai Upgrade to Raise Staking Toward Proof-Of-Stake-Blockchain Average

It could be argued that the utility of these liquid staking protocols would be reduced as the upgrade date approaches, the note said. The counterargument is that the utility of these protocols is not limited to only providing liquidity, but also acting as an intermediary for retail investors who would

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