HomeUncategorizedHere is why strong post-Merge fundamentals could benefit Ethereum price By Cointelegraph

Here is why strong post-Merge fundamentals could benefit Ethereum price By Cointelegraph

October 30, 2022

[ad_1]

Here is why strong post-Merge fundamentals could benefit Ethereum price

The shift of the blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining.

Staking impacts the supply and price dynamics of Ether in ways that are different than mining. Staking is expected to create deflationary pressure on Ether, as opposed to mining, which induces inflationary pressure.

Supply change post-Ethereum Merge. Source: Ultrasound Money
Total Ether value locked. Source: DefiLlama
Estimated locked tokens per project. Source: Token Terminal
ETH deposited in Lido. Source: Nansen
TVL and DAUs for . Source: Token Terminal
Top 10 Ether pairings on Uniswap V3 with APY. Source: DefiLlama