
bodcydginoa
@bodcydginoa
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The Ethereum 2.0 upgrade, completed with the Merge in September 2022, shifted Ethereum to proof-of-stake, impacting ETH price and staking rewards. By reducing energy costs and issuance (from 4.7M to ~2M ETH annually), it tightened supply, potentially driving price upward if demand persists. Staking locks ~31.4% of ETH (37.8M as of August 2023), reducing circulating supply, though high staking may lower transaction volume, exerting neutral-to-bearish pressure short-term. Staking rewards, now 4-7% annually (down from early estimates of 10-15%), encourage holding, balancing price dynamics amid evolving network activity. 0 reply
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