8) So, after looking at these figures, do you have enough reasons to be bullish on #Ethereum?
7) Total ETH staked also reached a new big milestone last week: it surpassed 10 million ETH staked! 🤯
7 day increase: +5%
30 day increase: +12%
It seems that ETH stakers are not bearish at all on Ethereum!
6) #Lido has been seeing a tremendous growth. Half of Lido’s TVL - $7.7 billion – comes from liquid Ethereum staking. The trends doesn’t seem to slow down as you can see on the next post.
5) Last week, there was a positive outflow of ETH from exchanges. Tuesday saw ETH 174k leaving the exchanges. Coincidentally or not, on the same day, ETH 175k were deposited on Lido.fi (that’s over $450 million)!
3) $ETH is currently inflationary. The inflation rate is about 3% (even with the EIP-1559 burning mechanism).
The Merge update is likely to contract the supply to an inflation rate of -1%, i.e. making it deflationary. 🔥(assuming 0.5M annual issuance)
@henriquecentiei on The merge 🔥
We are one step closer to #Etherum 2.0. ETH 2.0 will bring us:
-Lower transaction fees
-Higher TPS
-Less failed transactions
-More DeFi and NFT opportunities
-Better ETH staking yields
See what’s happening and reasons to be bullish! 🧵⬇
18) Developer activity continues showing very healthy levels of activity. Cardano has over 250 active developers. The Cardano developer activity is not slowing down despite the price crush. This is a very good sign for future network activity.
16) MVRV (Market Value to Realized Value) ratio is showing a possible bottom for $ADA. MVRV has been a fairly accurate indicator to spot market bottom/top. This indicates that ADA is very undervalued. 🚀
15) Although a little bit shyer, the number of stakers also increase last month and currently, 67.81% of all $ADA is staked. This shows that most people have a long term commitment to the network rather than just trading the token.
