Ethereum celebrates first anniversary of ETH Merge with 99.9% drop in energy usage

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Ethereum celebrates first anniversary of ETH Merge with 99.9% drop in energy usage
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The great Ethereum Merge completes its first anniversary on Friday, September 15. The network’s energy usage has dropped drastically over the past yea

price on September 15, 2022 was $1,635. At the time of writing, ETH is exchanging hands at $1,629 on Binance. The altcoin’s price did not undergo major changes a year after the Merge. However, the impact on metrics like energy usage and supply is more significant.

holders had hopes riding on a dramatic price increase a year past the Merge. However, macroeconomic factors and crisis events in crypto like lawsuits and bankruptcies have played a role in the inflow of capital to the chain.Ethereum is a decentralized open-source blockchain with smart contracts functionality. Serving as the basal network for the Ether cryptocurrency, it is the second largest crypto and largest altcoin by market capitalization.

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