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The Protocol
Every Wednesday
Exploring the tech behind crypto one block at a time.
Ethereum’s Latest Progress Toward Proof-of-Stake
Here are some things that will (and won’t) change after the Merge.
Valid Points: Are We Witnessing the Death of DeFi Tokens?
Most major DeFi tokens are losing their allure and finding themselves in a seven-month downtrend relative to ether.
Valid Points: The Success of Ethereum’s Alternative Ecosystems
Also: Decentralization in DeFi is becoming more accessible
Valid Points: SEC Probes DeFi, Gas Fees Stabilize
Also: The rise of layer 2s and a comeback in total value locked (TVL) on Ethereum
Valid Points: Ethereum Emerges From Bitcoin’s Shadow
Ethereum is finally either catching up to or surpassing Bitcoin across a number of key metrics.
Valid Points: Ethereum 2.0 Trends Toward Decentralization
Also: Tomorrow, the first backward-incompatible upgrade for the Beacon Chain will activate on the Pyrmont test network.
EIP 1559 Hasn’t Affected Ethereum Miner Revenue
Plus: The first hard fork for Ethereum 2.0 is scheduled for testnet activation.
Valid Points: The Problem With MEV on Ethereum
Will the transition to proof-of-stake come soon enough?
