Ethereum Watch

On 15 September, the Ethereum merge occurred. Described by Glassnode as the “most impressive feat of engineering in the blockchain industry,” the merge marked the final transition of the Ethereum network from the consensus mechanism of Proof-of-Work (PoW) to Proof-of-Stake (PoS). Advertisements Although many harbored doubts concerning the success of the merge, Ether [ETH] holders […]

The transition of the Ethereum [ETH] network into a proof-of-stake led to the supply of the network’s Ether [ETH] witnessing a significant drop, data from Santiment revealed.  Advertisements According to data from the blockchain analytics platform, the percentage of ETH’s total supply that has been sent to exchanges stood at 14.52% at press time. Since the […]

Ethereum’s [ETH] network revenue fell by a massive 86% in the third quarter of 2022, according to the report released by Bankless (an informative site focused on crypto). Advertisements Reportedly, Ethereum recorded $1.96 billion in net revenue in the second quarter (Q2). Unfortunately, the third quarter was a paltry $274.12 million. Advertisements Source: Token Terminal […]

Ethereum [ETH] activity index for September was almost no different from the decreasing network involvement in August. Advertisements This was according to the latest monthly Ethereum analysis by AnalytEx. Based on the report, the Proof-of-Stake (PoS) blockchain recorded slight increases, but overall, it was not a seemingly good month. Maintaining the neutral stance According to […]

Ethereum’s [ETH] performance witnessed a pretty sluggish turn recently as the altcoin failed to register any significant price changes. Since the much awaited ETH Merge, the coin’s performance witnessed a severe decline and, at the time of writing, was over 2% lower than 2 October. Advertisements Furthermore, a number of developments pointed in the direction […]

According to a recent report by Glassnode, there has been a spike in the number of new addresses on Ethereum. This could be indicative of a sustained interest in the altcoin. Now, while that may be the case, however, the decline in sentiment and volume seemed to suggest otherwise at press time. Advertisements This or […]

The Ethereum Merge was considered the most anticipated event before 15 September. However, there is no use denying the fact that the Merge failed to positively impact the price Ether [ETH]. Advertisements According to data from cryptocurrency social analytics platform LunarCrush, the hype that surrounded the Merge before its implementation caused ETH’s social activity to […]

Ethereum [ETH] volumes have been all over the place in the last three months and more so in September. Perhaps an expected outcome, given the drastic changes that have taken place in the crypto market during the month. Advertisements The demand for ETH also witnessed some volatility during the last four weeks. Nonetheless, recent events […]

ETHPoW, in contrast to its recent development, rallied 44.85% from its value on 19 September. According to CoinMarketCap, the cryptocurrency went from $0.480 to trade at $6.73 at press time. Advertisements For its investors, this could be a sigh of relief since the breakdown of servers led to a massive loss in value in one […]

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].  Advertisements According to data from CoinMarketCap, moments after the merge, the price of ETH rose to a high of $1634, after which it declined steadily. […]