Miners flee PoW tokens as token prices tank, GPU value flounders
Crypto miners who initially flocked to GPU-compatible proof-of-work tokens after the Ethereum (ETH) Merge are fleeing those networks after the value of their tokens fell, according to available data....
View ArticleEthereum proof-of-stake client bug caught and patched without incident
Ethereum developers identified a bug within the Besu Ethereum client that could have led to “consensus failure in networks with multiple EVM implementations.” Gary Schulte reported the issue to the...
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Ethereum records 1st deflationary month in history as circulating supply...
There has been debate on Ethereum’s potential to become deflationary after The Merge but the issuance increase in the days following the move to proof-of-stake appeared to negate the deflationary...
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Ethereum supply concentration in smart contracts hits all time high
The amount of Ethereum’s supply concentrated in smart contracts has hit an all-time high post-merge. Smart contracts now create 0.45% of all Ethereum behind staked Ethereum at 0.57% and Exchange...
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NFT marketplace Blur.io burns 252 ETH to hit top of burn leaderboard
NFT marketplace aggregator Blur.io has surpassed Uniswap, OpenSea, and Etherum transactions as the top ETH burner over the past 24 hours. Data shared by Access Protocol CEO Mika Honkasalo from...
View ArticleEthereum completes Shanghai upgrade
Ethereum successfully completed its Shanghai upgrade at 10:27 p.m. UTC on April 12, according to various update status pages. Validators can now withdraw staked ETH Ethereum’s Shanghai upgrade...
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$1B staked ETH withdrawn in 24hrs as round 2 begins
According to on-chain data, the net value of Ethereum removed from staking has surpassed $1 billion in value over the past 24 hours, yet again showcasing the network’s ability to perform live...
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Ethereum burns $2.5B worth of ETH since merge as supply drops to 18 month low
Analysis of Ethereum’s recent financial data on Ultrasound Money reveals a continued shift in its economic model since the historic merge in Sept. 2022. The decline in Ethereum’s supply stands at...
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Proof of Stake cut $21 billion ETH from circulation as deflation falls to 1.4%
The Ethereum network has seen a reduction of 417,413 ETH in supply since transitioning to a Proof-of-Stake (PoS) consensus mechanism in September 2022, per data from ultrasound.money. In the 540 days...
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Ethereum has been increasingly inflationary for over a month as fees hit...
Since Ethereum moved from proof-of-work to proof-of-stake in 2022, it has become a deflationary asset. The total circulating supply of Ethereum (ETH) currently stands at 120,105,358 ETH, representing a...
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