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[What happened after one year after Ethereum moved to POS? ]
📍Ethereum energy consumption dropped by 99.9%
📍Equity distribution causes centralization issues
📍MEV and censorship
📍Liquid pledged tokens have taken over the ETH market
📍ETH net supply decreases
The decline in supply is partly due to the EIP-1559 network upgrade proposed last year, which began to burn a certain number of coins in each transaction. There are currently 0.24% less ether coins in circulation than a year ago.
Although the relative relationship between supply and price in economics, it is expected that the price of ETH will continue to rise in the future, and there are currently giant whales on the chain continuing to buy ETH in large quantities (but it does not seem to be reflected in the currency price), but I think it will be very difficult for other public chains to replace Ethereum within 5 years. We can still look forward to the currency price😎
In addition, asset management company Valkyrie also announced on 9/29 that the first Bitcoin and Ethereum futures composite ETF was approved by the SEC (Valkyrie’s Bitcoin Strategy ETF ($BTF) began to increase its positions in Ethereum futures contracts)
It is expected to be officially opened for trading on Nasdaq in the United States on October 3. The name will be updated to: Valkyrie Bitcoin and Ether Strategy ETF, and the code will still be BTF.
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#cryptocurrency# #currency circle# #news# #POS# #ETH# #BTF#
#The whole world is laying out Ethereum#