The London upgrade has been a success, and now eyes are on the even more eagerly awaited merge with Eth 2.0
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The London upgrade has been a success, and now eyes are on the even more eagerly awaited merge with Eth 2.0
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At current burn rates, 2.3 ETH per minute, or $6,600 is going up in smoke.
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A sudden change of sentiment on lower timeframes gives bulls something to smile about after a downtrend is swiftly cancelled out.
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The much-talked-about London upgrade has finally happened on the Ethereum network as ETH arguably moves closer to becoming a deflationary asset.
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“With $13 billion worth of Ether locked up in Ethereum 2.0 and $70 billion locked up in decentralized finance, we have enormous demand for the Ether token,” said ConsenSys founder Joe Lubin.
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What will ease the burden of DeFi users and remove some of the barriers to entry for newer market participants? This project sees the future of DeFi as multichain co-existence.
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