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Ethereum (ETH) Active Addresses And Staking Rises Before Conclusion Of Merge

Manoj Nair



Ethereum (ETH)

The Ethereum Merge is one of the most complex and much-awaited software upgrades, which will majorly change how the platform operates. The community is waiting for the Merge to complete, and when news last came, it was just a whisker away from being accomplished, and the process is 99.99 % complete. Ahead of the Merge 15 September deadline the number of active addresses on the Ethereum network has surged by 10%. The to of ETH pledged in ETH 2.0 is more thans of 13.7 million.

Active Addresses and Ethereum (ETH) Pledged in ETH 2.0 Also Surges On The Ethereum Platform

As per data received from OKLink data, the number of active addresses on the Ethereum network has surged by 47,945 in the past day. Add to this the 10% of the recently added addre. Thisthis figure swells to 536,586. Moreover, there has been an increase in the number of active addresses in the priest three days. This indicates the surge in varied on-chain activities as the Ethereum Meconcludession.

Additionally, Ethereum (ETH) staking on Beacon Chain has also surged considerably colossal ma. As per Glassnode data, the total amount of ETH staked on the Beacon Chain is now more than  13.7 million equivalent to 11.22% of the circulating supply.

Ethereum (ETH) Staked on Beacon Chain. Source: Glassnode

The value of ETH pledged in ETH 2.0 is 22 billion, and the total number of validators is 428,069.

Ethereum (ETH) Price Post-Merge

ETH prices are expected to be hit by deflation, especially after the Merge, courtesy of the EIP-1559 burning mechanism. This will lead to a shortfall in the total circulating supply and issuance, decreasing between 0.5% to 4.5% depending on network fees.

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