Ethereum Supply Slowed After Upgrade, Will It Ever Trigger Growth?

Ethereum (ETH) has not kept up with Bitcoin’s growth over the last week the way it normally would. While the largest cryptocurrency by market cap has now broken above $30,000, ETH is still trending below $2,000, a price point that should’ve already been broken given the current recovery trend in the crypto market. So why is Ethereum still trading below $2,000? Market Waiting Out Ethereum Upgrade The Ethereum Shapella upgrade is scheduled to take place on April 12 and anticipation around the upgrade is already building. However, instead of pushing the price of the digital asset up as....

The much-talked-about London upgrade has finally happened on the Ethereum network as ETH arguably moves closer to becoming a deflationary asset. The London hard fork arrived almost on schedule at 12:33 pm UTC on Thursday at block height 12,965,000, ushering in the Ethereum Improvement Proposal (EIP) 1559.With the upgrade triggered, Ethereum will now undergo a significant overhaul of the network’s transaction fee market and other parameters such as gas refunds among others. Under EIP-1559, each transaction on Ethereum will involve burning the base fee, which automatically decreases the....

Ethereum's developers have unveiled new details about a technical fork aimed at resolving lingering network issues. Officially merged into the code of the most popular ethereum client, the new rules will trigger at block number 2,675,000 — likely to occur sometime around Tuesday of next week. The update will erase empty accounts that unknown attackers used to bloat the ethereum blockchain by way of a hard fork, a process generally seen as a dangerous way of upgrading the software (all miners will need to upgrade to the new network). But according to some developers, the reality is more....

The blockchain network Ethereum has officially activated the Bellatrix upgrade, the final change before The Merge, the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS). Bellatrix was successfully codified into the codebase at epoch 144,896 on the Beacon chain and Ethereum co-founder Vitalik Buterin detailed it was important for network participants to update their clients. From Bellatrix to Paris — Ethereum Participants Get Ready for the Final Step of the Merge The Merge is estimated to take place on September 13, 2022, according to the....

MATIC supply is likely to become deflationary once fee burning commences according to estimates by the Polygon team. The Ethereum upgrade that introduced a partial network fee burning mechanism in August last year has launched on the layer-two scaling network Polygon. Ethereum’s EIP-1559 upgrade shipped with its London hard fork last summer and has been a success in terms of gas price predictability and network fee burning. The upgrade has now launched on the layer-two scaling network Polygon in an effort to improve “fee visibility”. It went live about an hour ago at block 23850000.The....