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Ethereum Underperforming, Don’t Blame The Network Or Leadership: Here’s Why

[Oct 26, 2024 5:30 AM] Ethereum is the laggard in this bullish cycle. When Bitcoin soared to register fresh all-time highs, easing past $70,000 in March, ETH prices struggled to break $4,000. When it did, the best the coin could do was retest $4,100 before dumping hard…

Report Disputes EIP-1559’s Role in Ethereum’s ‘Ultrasound Money’ Narrative

[Sep 3, 2024 3:30 PM] Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan’s insights aim to clarify the transaction fee mechanism introduced by EIP-1559…

Ethereum Transaction Fees Slide Nearly 94% Over the Past 68 Days

[May 12, 2024 10:11 AM] Similar to Bitcoin’s onchain fees, the cost of transacting on the Ethereum network has recently seen a significant decline. Over the previous 68 days, since March 5, 2024, Ethereum’s network fees have fallen by 93.7%, from $30.33 per…

Ethereum Issuance Reduction Proposal Prompts Fierce Crypto Community Criticism

[Apr 2, 2024 4:31 AM] Discussions about adjusting Ethereum’s issuance curve due to staking concentration and other factors are taking place on social media, with some developers in favor and some against this change. A recent article by Mike Neuder, an Ethereum…

Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559

[Feb 11, 2024 9:30 PM] Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed…

Developer Hails ETH Burning, Will Ethereum Break $3,000?

[Jan 17, 2024 3:00 PM] Péter Szilágyi, an Ethereum (ETH) developer, has lauded EIP-1559 and its ETH burning mechanism as “the great equalizer.” Taking to X on January 16, Szilágyi admired EIP-1559’s ability to “level the playing field between…

Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork

[Jul 16, 2023 10:00 AM] Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork’s implementation on August 5, 2023. Taking into account the…

‘Withdrawals are coming!’ — Ethereum devs confirm epoch for Shapella fork

[Mar 28, 2023 6:36 PM] Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.

Ethereum Pinned Below $2,000 Despite Network Burning Over 3 Million ETH

[Mar 28, 2023 5:30 AM] Ethereum prices remain below $2,000 months after the network initiated EIP-1559, trackers on March 28 reveal. Ethereum Prices Trending Below $2,000 ETH, the native currency of Ethereum, is currently trading at $1,717, stable on the last day and…

Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

[Feb 20, 2023 1:00 PM] 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…

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March 

[Feb 2, 2023 2:30 PM] The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility…