TL;DR
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ETH recently hit $3.8k (highest since Dec ‘21), 25% of ETH’s total supply is now being staked (and out of circulation), while Dencun is about to make L2‘s ~75% cheaper.
Full Story
There’s this family in the town we grew up in, called the Grunsons…
The eldest son, Steve, is a doctor; while the youngest, Danny, runs his own landscaping company.
Dave and Janine (the parents) heap a stupid amount of praise on Steve, and often forget to do the same for Danny.
Crazy thing is: Danny is KILLING it.
His landscaping company is a monster of a business (one of the biggest in the state).
…it’s kinda weird that his parental-praise gets so heavily discounted.
That’s often how we feel about Bitcoin and Ethereum — sure, Bitcoin has the prestige — but — if in the past few years, you’ve interacted with a blockchain network to:
…you’ve most likely been using an Ethereum based token/platform to do so.
So we decided it’s about time we heap some love and admiration on ETH.
Here’re some of the network’s latest milestones:
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The ETH token recently hit $3.8k — the highest it’s been since Dec ‘21
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There’s currently $116B worth of ETH being staked — meaning just over 25% of ETH’s total supply is now out of circulation.
(Making the ETH we all hold, scarcer/more valuable).
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On March 13th, the Dencun upgrade is due to take place and make transactions ~75% cheaper on ETH layer 2 chains.
Hey, @ethereum — proud of you xx
