Tag: ethereum network

Jun 22 2022

Ethereum Devs. Confirm Only Goerli and Sepolia Testnets will be Maintained Post-Merge, to Retire Kiln, Rinkeby, Ropsten

Summary: Ethereum core developers have confirmed that only Goerli and Sepolia Testnets will be maintained after the Merge. The Kiln, Rinkeby, and Ropsten testnets will slowly be retired. Ethereum developers are urged to shift to Goerli and Sepolia. The Goerli testnet's state is the closest to the Ethereum mainnet. Sepolia is relatively new with a short history allowing it to sync faster and...

Jun 08 2022

Ethereum Developers Successfully Activate the Merge on the Ropsten Testnet

Key takeaways: Ethereum developers have successfully merged the Ropsten Testnet to the proof-of-stake beacon chain. The Merge of the Ropsten Testnet is meant to be a test run for the final Merge on the Ethereum mainnet. Transactions have successfully been included in the post-merge Ropsten blocks. The value of Ethereum in the crypto-markets is yet to price in the event. Ethereum developers have...

Jun 04 2022

Ethereum Addresses Holding 1+ ETH Hits a New All-time High of 1.484M

Summary: Ethereum addresses holding one or more ETH has hit a new all-time high of 1.484 million. Deposits also continue to flow into the ETH 2.0 contract hitting a new all-time high of 12.785 million ETH. The on-chain metrics hint toward Ethereum investors playing the long game with ETH. Bitmex's Arthur Hayes still believes Ethereum could hit $10k by the end of the...

Jun 03 2022

Is Immutable X The Answer To Yuga Labs’ Problems?

It has now been a couple of months since Yuga Labs’ had essentially “broken” Etherscan due to the high demand generated by its Otherside mint. As such, there have been discussions on how such an entity could mitigate the type of problems that arose during its legendary mint. For the answer to this, there have been numerous proposals submitted in a bid...

May 18 2022

Ethereum’s Active Addresses Have Decreased By Only 7% Despite ETH’s 56% Drop From its ATH

Summary: The number of active Ethereum addresses has remained stable relative to the ongoing crypto-market pullback. Active addresses on Ethereum have only dropped by 7% despite the value of ETH plummeting by 56% since its most recent all-time high of $4,868. Ethereum daily users are estimated to be at 551k and are constantly involved in DeFi, NFTs, DAO, and GameFi projects. According to...

Mar 17 2022

Just-In: Ethereum L2 Protocol Optimism Raises $150 Million In Series B

The Ethereum blockchain is preparing to become more scalable come ETH 2.0, and its Layer 2 solutions are growing stronger as well. Optimism, an Ethereum Layer 2 protocol, has just announced the closing of a Series B funding round. The network activity might be beneficial to Ether’s price in the long term. Ethereum Layer 2...

Mar 11 2022

Reddit Community Predicts Ethereum’s Merge Could Happen in June 2022

In brief: A community member of the r/ethstaker Reddit community has predicted that Ethereum's merge could happen in June of this year The prediction outlined five reasons as to why June was a plausible timeframe for the merge between the current Ethereum mainnet using Proof-of-work, with the Beacon chain that uses Proof-of-Stake The highly anticipated switch of Ethereum from a proof-of-work network to...

Feb 17 2022

Ethereum Dominance Will Go Down As Competitors Emerge, Says Morgan Stanley

Global investment bank Morgan Stanley has released thoughts around leading smart contract platform Ethereum. In a recently published note titled “Cryptocurrency 201: What Is Ethereum?” the bank revealed its outlook for the future of the blockchain. Ethereum which continues to maintain large...

Dec 03 2021

Ethereum Fees Suggest DeFi Is Becoming The Playground Of The Rich

The high fees on the Ethereum network has become a concern after it had risen to the point where using ETH for small transactions became unfeasible. Users of the network realized that they were sometimes having to pay fees higher than the transaction amount, leading to calls for a solution. There have been numerous fixes put forward to curb this issue, the most...

Aug 30 2021

Ethereum Gas Fees Skyrocket, Is This The Season Of The “ETH Killers”?

Ethereum is one of the most widely used blockchains in the crypto space. An increasing number of users enter the network each day. Amidst this, there have always been growing concerns about ETH fee rates. Fee rates have usually gone up in times of high network congestions. But recently, with the growing popularity of NFTs, these fees have gotten out of control. Since...

Aug 14 2021

By The Numbers: How EIP-1559 Has Impacted Ethereum Thus Far

Ethereum EIP-1559 went into effect in the first week of August. An upgrade that had been anxiously waited upon by the broader market had finally come to fruition. The network upgrade had been updated smoothly. And as of the time of this writing, the fee burn mechanism implemented with this upgrade is working smoothly. Burning over 3 ETH per minute in the past...

Jul 27 2021

Ethereum 2.0 Now Has Over 200k Validators, 6.42M ETH Staked

The Ethereum 2.0 network now has over 200k validators The Ethereum 2.0 deposit contract now has 6.42 million ETH staked worth $14.857 Billion Kraken is the largest single depositor with 12.5% of all ETH in the contract Ethereum is back to trading above the 200-day moving average and could keep pushing higher with the London Upgrade on the 4th of August The Ethereum...

Jul 24 2021

The Purpose Ethereum ETF Now Holds Over 62k ETH

The Purpose Ethereum ETF now holds over 62,000 ETH worth roughly $133.9 million The Ether ETF offers investor exposure to Ethereum and is listed on the Toronto Stock Exchange Interest in ETH continues to grow grown as Ethereum transitions to a Proof of Stake algorithm Ethereum might not dump after the London Upgrade on August 4th due to fundamentals and future growth The...

Jul 22 2021

Ethereum Attempts to Reclaim $2k on News of Elon Musk Owning ETH

Elon Musk has revealed that he personally owns Ethereum, Bitcoin and Dogecoin Mr. Musk made the revelation during 'The ₿ Word' virtual conference Elon Musk also revealed that both Tesla and Space X own Bitcoin Ethereum is currently attempting to reclaim the $2k price area as support The founder of Space X and CEO of Tesla, Elon Musk, has revealed that he personally...

Jul 15 2021

Ethereum’s London Upgrade is Now Ready for Mainnet Activation

Ethereum's London Upgrade has had a successful testnet deployment The Ethereum upgrade is now ready for activation on the mainnet The London upgrade will go live on block 12,965,000 expected to occur between August 3rd and 5th of this year A total of 5 EIPs will be implemented including the highly anticipated EIP1559 Bug bounties related to the London Upgrade have been doubled...

Jul 14 2021

Ethereum’s Top 10 Whales Keep Accumulating ETH, Now Hold 20% of Supply

Ethereum's top 10 whale addresses are continually accumulating ETH The Ethereum whales now hold 20.58% of ETH's circulating supply This is the highest percentage they've held since May 2017 2.12% of their holdings was accumulated in the last 41 days Ethereum is once again trading below $2k with $1,700 being a support zone to watch The top 10 whale addresses on the Ethereum...

Jul 08 2021

Ethereum’s Conflicting On-chain Metrics Hint at a Retest of $1,750

Ethereum's current on-chain metrics provide a 50:50 probability of ETH going either way However, similarities between the 2017/18 cycle and the current environment, point towards a dip by Ethereum Ethereum has also printed a rising wedge pattern that provides further proof of a pending pullback to lower levels of $1,750 Implementation of EIP1559 could be a 'sell the news event' but time will...

Jul 07 2021

Ethereum’s Death Cross Could be Averted by the Aug. 4th London Upgrade

Ethereum's 50-day MA and 200-day MA look set to form a death cross later this month The death cross might be postponed or averted completely by the launch of the London Upgrade Ethereum developer Tim Beiko, has proposed the London Upgrade to be activated on August 4th at block 12,965,000 Only time will tell whether the implementation of EIP1559 will translate to market...

Jul 06 2021

Ethereum’s Max. Price Lies in the Range of $75k to $175k – ETH Analyst

Ethereum's maximum price could lie between $75k and $175k This peak value could be reached in the next 15 to 20 years The analysis of Ethereum's maximum value and timeframe assumes that ETH is a technology that follows a diffusion function represented by a Gompertz Curve As with all models, the price of Ethereum may be affected by unpredictable events in the future...

Jun 30 2021

Ethereum’s Monthly Returns in June are its Lowest Since March 2020

The monthly close is hours away and Ethereum is on track to end June with -21% in returns June 2021 has been the worst month for Ethereum since March 2020 after the Coronavirus crash However, Ethereum has had positive returns in nine of the last 12 months Quarterly returns in Q2 2021, are also in the green at 11.15% The digital asset of...

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