Ethereum [ETH]: Identifying how good or bad Q2 was for the network - BitcoinEthereumNews.com
Pinagmulan: Etherscan With the Ethereum networks planed transition from Proof Of Work (PoW) to Proof Of Stake (PoS), Bankless found that the amount of ETH staked on the Beacon Chain grew by a whopping 116% from 6.01M in the first quarter to 12.98M last quarter. About 0.86% of the total supply of ETH was staked by the end of the second quarter. On 6 July, the network successfully completed its merge on the Sepolia test net. With the merge with the Goerli Network expected in the coming weeks, the final merge with the Ethereum mainet is expected before the end of the year. Desentralisadong Pananalapi (DeFi) Bankless found that the second quarter of the year was marked by a decline in the total locked value (TVL) of DeFi protocols housed on the Ethereum Network. Within that period, TVL fell from $59.42 billion in Q1 to $34.21B in Q2 – A 42.4% decline. Also registering a decline in Q2 was the total trading volume on decentralized spot exchanges built on the Ethereum Network. Between April and June, this fell by 9.0%, from $350.54 billion in Q1 to $319.13 billion by the end of June. Finally, Bankless noted that in the last quarter, there was a 177.5% increment in