Demand Destruction

Update on the Merge

Despite one of our potential catalysts for the year being struck down this week (the GBTC conversion to spot ETF), the prospects for a 2022 Ethereum remain intact. This weekend, ETH developers will attempt the second of three testnet merges on the path to mainnet Merge.

Testnet merges are essentially dress rehearsals for the main event – the Merge of the Ethereum mainnet. The first testnet merge featured a few speed bumps but the endeavor was considered a success by ...

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