Ethereum Address Activity Drops To Two-Year Low, ETH Price Below $1,800
During the crypto market crash, the world’s second-largest cryptocurrency, Ethereum has come under significant pressure. Despite the Ropsten testnet Merge upgrade’s success, the Ethereum (ETH) price has remained stable. On the other hand, on-chain address activity isn’t supporting a price increase. According to Santiment data, Ethereum address activity and network growth have reached two-year lows. […]
Ethereum Update Moves To Goelri, Sepolia Testnets After Ropsten Merge
Following the successful merge with Ropsten the Ethereum update moved closer to the Goelri and Sepolia Testnets Ethereum Update Is One Step Closer, Tests On Ropsten Continue After the Merge on Ropsten on Wednesday, Ethereum’s move from a Proof-of-Work to a Proof-of-Stake consensus mechanism is one step closer. Although a few issues were discovered, the […]
Ethereum (ETH) Recovers $1800 After Successful Shift To PoS On Ropsten
The successful deployment of proof of stake (PoS) merging on one of its oldest testnets saw Ethereum (ETH) prices recovering on Thursday. ETH has risen slightly to reclaim the $1800 in the last 24 hours. This comes after the token was severely rejected from $2000 a few days ago. The token’s mild recovery appears to […]
Total Staked ETH In Ethereum 2.0 Increases To Over $12 Million
ETH 2.0 is expected to replace Ethereum’s proof of work system with proof of stake. Following a stake by 398k unique validators, the total Staked ETH 2.0 has risen by more than $12.764 million. According to glassnode, the leading on-chain and financial metrics, charts, data, and insights provider for Bitcoin and digital assets, this is […]
Ethereum Layer-2 Optimism Falls By 66% In Its Market Debut
The failure recorded by Ethereum L2 Optimism is owed to inadequate preparation for the huge flow of demand. Optimism, a popular layer-2 blockchain on Ethereum, saw the price of its governance token OP plummet by more than 60% in its market debut. Late Tuesday, the blockchain began airdropping the OP token. The airdrop was primarily […]