Demand Destruction
Jul 1, 2022
• 6
Min Read
Update on the Merge
Despite one of our potential catalysts for the year being struck down this week (the GBTC conversion to spot ETF), the prospects for a 2022 Ethereum remain intact. This weekend, ETH developers will attempt the second of three testnet merges on the path to mainnet Merge.
Testnet merges are essentially dress rehearsals for the main event – the Merge of the Ethereum mainnet. The first testnet merge featured a few speed bumps but the endeavor was considered a success by developers. To read more of our thoughts on how things like inflation rate and Beacon Chain unlocks, we refer...