The State of Ethereum Liquid Staking

Quick Take Interest in liquid staking derivatives for ETH has grown in recent months as the Ethereum network transitions to Proof-of-Stake consensus. The largest players in the liquid staking market are Lido, Coinbase and Rocketpool, with Lido leading the pack with a large majority of market share.  It is likely that more liquid staking products will emerge after the successful execution of the Merge upgrade to compete for market share in this growing space.

Timeline of Ethereum

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. At press time, Ethereum [ETH] stood on the precipice of the Merge.

Ethereum price analysis is bullish today as we have seen another retest of previous low and another local higher low set. Therefore, ETH/USD is ready to reverse and begin move towards a new swing high.

We're quickly approaching (or have already followed through with) The Merge, the most notable upgrade in Ethereum's history and “a crucial turning point for the wider crypto industry,” according to an update from digital asset firm Kraken.

Ethereum has officially entered the Proof-of-stake era. The Paris upgrade, triggered at the Total Terminal Difficulty of 58750000 P, marked the end of Proof-of-work and Ethereum mining.

The world has been full of bad news recently, so it's refreshing to be reporting on something positive. This morning, arguably the single biggest event in the short history of cryptocurrency took place. Ethereum “merged”, completing its upgrade to a Proof-of-Stake (PoS) blockchain. And it was 100% successful.

Vitalik Buterin, the Ethereum co-founder, displayed his excitement while discussing the behavior of cryptocurrency miners on the network as the hashrate of the Ethereum network did not evaporate ahead of the Merge.

After the successful completion of the Ethereum Merge on September 15 at 06:42:42 UTC at block height 15537394, the last proof-of-work (PoW) and first proof-of-stake (PoS) blocks dropped secret messages for all by VanityBlocks and HashKey Capital. The last PoW block transaction, done by VanityBlocks, contained a message by American ethnobotanist and mystic Terence McKenna.

The long-awaited Ethereum Merge is finally over, and the ecosystem has successfully converted to Proof of Stake. Much has been discussed about the Merge before it happened; however, now that the transition is finally successful, here are some notable commentaries on Twitter about what to expect after The Merge.

After years of delays and speculation, the Ethereum Merge successfully dropped on Thursday September 15 at around 7:45 British Standard Time, finally transitioning the world's largest cryptocurrency ecosystem from proof-of-work (PoW) to proof-of-stake (PoS). With the landmark protocol upgrade, Ethereum is now over 99% more energy efficient, and the foundations been laid down to make it vastly more scalable and cheaper to operate.

The most awaited Ethereum Merger was finally accomplished which is expected to enhance the scalability with a secure environment. The chain has become greener now as energy consumption has dropped more than 99%.