The third and the final article about The Merge will sum up the two previous and conclude the possibilities of the bull run right after the transition is made. 🐂
What is the Merge?
The Merge is the first stage of Ethereum’s transition from Proof-of-Work to Proof-of-Stake and is considered the main crypto market event of 2022. The Merge is scheduled for 15-16 September. 🥳
The closer - the better
We were quite shocked about Ethereum not only sticking with the launch date, but also rescheduling it to 3 days earlier. That with the successful Goerli test-net transition to PoS have made the rates of Ethereum trespass the mark of 2000$ for the first time since may and that is just the beginning. 📈
Some statistics
Market participants seem to be very interested in the update. ETH2 is a consensus level depositing contract and the amount of locked coins is quickly and what is most important stably increasing. The indicator has reached and passed the point of 13.3M ETH - during July it has grown by 1.9% with 50% increase since the beginning of the year. 🙌
![](https://fra1.digitaloceanspaces.com/nftotters/nftotters/2022-08-28/1661712807-472736-c77cc01b-8111-4375-9c04-04f302876cb3.png)
Another indicator we can see is the 32+ ETH value locked addresses number increase. May was the starting point for an even faster growth. That clearly shows how interested the users are in staking Ethereum.
![](https://fra1.digitaloceanspaces.com/nftotters/nftotters/2022-08-28/1661712854-535009-30be753b-cc56-43ba-9490-aa6246f7ffe3.png)
Another sign of investors being focused on Ethereum is volatility - the spread is significantly higher than with Bitcoin. 🆙
![](https://fra1.digitaloceanspaces.com/nftotters/nftotters/2022-08-28/1661712908-152083-38682949-c44f-416e-ae6a-1861f191d9c3.jpg)
The Huobi Research team is sure about Ethereum’s soon deflation, the thesis is proven by Ultrasound Money research. According to their calculations Ethereum will reach a peak of 120,4M available tokens with the subsequent token number decrease due to the EIP-1559 burning mechanism. After the transition annual token number increase will go from 4.3% all the way down to 0.3%. 🤯
Will ETHPoW/ETHW survive?
The planned mining hardfork put many people into doubt - ETC team were no exception. They questioned Chandler Guo about the enormous amount of work, ETHPoW team still has to do in such a short term with a direct letter. They suggested miners change the net to ETC, which has already been developed and continue their work with it. ⛏
Guo and ETHW supporters replied immediately and are desperate about the fork. According to them, a dedicated developer team has successfully disabled the difficulty and are currently working with exchanges and wallet providers all around the world. 🌍
So, it seems like we will be getting three Ethereum nets - ETH 2.0, ETC and ETHW.
Conclusion
Interest growing, miners satisfied, release on time - everything is going the best way possible, so we all just have to wait. ⏳
Stay tuned 📻