TL; DR
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ETH recently hit $3.8k (highest since Dec ’21), 25% of ETH’s total supply is now deployed (and out of circulation), while Dencun is about to make L2s ~75% cheaper.
Full story
There’s a family in the town we grew up in, the Grunsons…
The eldest son, Steve, is a doctor; while the youngest, Danny, runs his own landscaping business.
Dave and Janine (the parents) praise Steve a lot, and often forget to do the same for Danny.
The crazy thing is: Danny kills it.
His landscaping company is a monster company (one of the largest in the state).
…it’s kind of strange that his parental praise is so heavily underrated.
That’s often how we think about Bitcoin and Ethereum – sure, Bitcoin has the prestige – but – if you’ve interacted with a blockchain network in recent years to:
…you probably used an Ethereum-based token/platform for this.
So we decided it was time to gather some love and admiration for ETH.
Here are some of the network’s latest milestones:
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The ETH token recently reached $3.8k – its highest level since December ’21
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There is currently $116 billion worth of ETH being staked – meaning just over 25% of the total supply of ETH is now out of circulation.
(This makes the ETH we all own more scarce/valuable).
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On March 13, the Dencun upgrade will happen and make transactions ~75% cheaper on ETH layer 2 chains.
Hey, @ethereum – proud of you xx
