the merge ethereum mainnet

The third and final test merge – the Goerli testnet merge has been completed, marking the completion of all rehearsals ahead of the final mainnet merge Merge, which will only take place in September.

While the Goerli merger has been executed, the success of The Merge upgrade, as well as testing of smart contract interactions, will be determined after a thorough evaluation of the upgraded network.

ethereum top gas consumers

The main cryptocurrency market rebounded immediately after the July inflation data was released, signaling a step closer to the return of liquidity. At the time of writing, BTC is up 7.3% in the past 24 hours and has breached the $24,000 mark. On the hourly chart of BTC, positive CPI data propelled BTC above resistance near a key bearish trend line at $23,500. The largest cryptocurrency by market cap is eyeing overhead resistance at $24,500. If the breakout fails, BTC may drop and test previous support in the $23,500-$24,000 range. In derivatives markets, the bears were squeezed, but on a scale nowhere near the massive liquidation event in June. Implied volatility for BTC options rose slightly but remained generally stable, suggesting that easing inflationary pressures had little impact on the market.

ETH has surged 12% in the past 24 hours and is fast approaching the $2,000 mark. The second-largest cryptocurrency by market cap faces major resistance near $1,950. If the bulls remain active, ETH could target the $2,120 resistance zone in the near future. Many digital assets related to the Ethereum ecosystem gained more attention during this period. Among them, the L2 expansion plan Optimism took advantage of this wave of gains driven by Merge, so that its total locked value soared by 240% in one month. If we conduct a visual analysis of the changes in the top ETH GAS consumers since 2018, we may find protocols and currencies that can benefit from this round of rises. At the same time, major non-mainstream coins are on the rise, with SOL and UNI leading non-mainstream coins with double-digit percentage gains.