More than $2 billion ETH was burned on the Ethereum network, which switched from the proof-of-work (PoW) algorithm to the proof-of-stake (PoS) algorithm.
According to research conducted by P2P.org, in September 2022 merge since the update approximately $2.1 billion worth 1,225,957 Ethereum was burned.
Energy consumption on the Ethereum blockchain decreased as a result of algorithm change decreased by 99.99 percent.
Annual Ethereum production, 82 percent decreased. According to the shared report, Ethereum, along with the transaction fees burned, an asset that is deflationary and yields became.
The number of people staking on the Ethereum blockchain has increased over the past year. According to research, active validators on the network have increased since the Shapella update. a 58 percent increase observed. The average annual return rate during the last quarter was 4.1 percent.