Avalanche Network Surpasses Lightning Network, Now Holds 5,493 Bitcoin

• The number of Bitcoin bridged to the Avalanche network has recently surpassed the value locked on the Lightning Network.
• The Avalanche network has 5,493 Bitcoin circulating, while the Lightning Network holds 5,248 Bitcoin.
• Wrapped Bitcoin is the blockchain with the largest number of tokenized Bitcoin, with 179,697 WBTC in circulation.

The recent surge in the number of Bitcoin bridged to the Avalanche network has surpassed the value locked on the Lightning Network. This is an exciting development for the cryptocurrency community, as it shows that the Avalanche consensus mechanism is faster than the Lightning Network.

At the time of writing, there are 5,493 Bitcoin circulating on the Avalanche blockchain, worth around $125.5 million using current BTC exchange rates. This is a significant milestone, as the Lightning Network only holds 5,248 Bitcoin, valued at around $120 million. This means that the Avalanche network is now processing more Bitcoin than the Lightning Network.

The Wrapped Bitcoin (WBTC) project is the blockchain with the largest number of tokenized Bitcoin, with 179,697 WBTC in circulation. This is an impressive achievement, as it shows that Ethereum is the most popular choice for tokenizing Bitcoin, with more WBTC than the Lightning Network and Avalanche combined.

The Avalanche network is a relatively new project, but it has already seen significant growth in its first few months. This is a testament to the developers behind the project, who have managed to create a network that is faster and more efficient than the Lightning Network.

As the Avalanche network continues to grow, it will be interesting to see how it compares to the Lightning Network. For now, it appears that Avalanche is the superior choice for Bitcoin transactions, and it is likely that the platform will continue to grow in popularity in the future.

Ledgible Launches Revamped Website & Interface for Digital Asset Tax & Accounting

• Ledgible unveils a newly revamped website and interface for their digital asset tax and accounting solutions.
• Ledgible offers a variety of digital asset accounting and data aggregation tools for institutions and enterprises.
• Ledgible’s platform allows for seamless API connections, providing a foundation for tax and accounting for crypto.

Ledgible, the leading digital asset tax and accounting solution for institutions, professionals, and investors, recently announced the launch of their newly revamped website and interface. This announcement comes just in time for the 2022 US tax season, as tax filers and professionals are gearing up for the highest volume digital asset tax filing season ever in the US.

Ledgible offers more than just digital asset tax solutions. They are also a top provider of digital asset accounting and digital asset data aggregation tools for companies like FIS, Thomson Reuters, Wolters Kluwer, Interactive Brokers, and more. Their platform takes the headache out of managing digital asset data, providing month-end reporting, analyzing balances, managing crypto funds, and integrating with existing accounting software.

Ledgible’s platform is more than just a SaaS platform. It is also equipped with a proprietary data layer, allowing for quick access to crypto data aggregation and normalization for institutions and enterprises. Ledgible’s platform and API connections provide a foundation for tax and accounting for crypto. This platform is designed to be scalable and secure, allowing for integrations with banking systems and augmentation of traditional financial reporting software.

Ledgible’s newly revamped website and interface makes it easier than ever to explore their various digital asset solutions, connect with support, and register. Their platform is designed to be the ultimate foundation for tax and accounting for crypto, and their new website allows users to quickly and easily access these solutions.

Comprendiendo la Psicología del Mercado

Comprender la psicología del mercado es una parte vital del éxito comercial. La psicología del mercado se refiere a la forma en que los inversores y comerciantes se comportan cuando realizan operaciones de compra y venta en los mercados financieros. Estas actitudes y comportamientos pueden ser impulsados por una variedad de factores, como la ansiedad, el miedo, la avaricia, la euforia y la disciplina. Aprender a comprender la psicología del mercado puede ayudar a los operadores a tener una mejor comprensión de cómo el mercado funciona y cómo sus decisiones comerciales pueden influir en sus resultados financieros.

Bitcoin Revolution es una plataforma online que permite a los usuarios realizar operaciones de compraventa de divisas, criptomonedas, acciones, materias primas y otros instrumentos financieros. El objetivo de la plataforma es ofrecer una experiencia de trading segura, sencilla y rentable. El sitio web ofrece herramientas y recursos para ayudar a los usuarios a entender los fundamentos del trading y aprender a operar con éxito en los mercados financieros. Además, la plataforma ofrece una amplia variedad de herramientas de gestión de riesgos para ayudar a los usuarios a minimizar el riesgo de sus inversiones. Estas herramientas incluyen stop-loss, take-profit, trailing stops, límites de apalancamiento y más. Con todo esto, Bitcoin Revolution ofrece a los usuarios una experiencia de trading segura, sencilla y rentable.

¿Qué es la Psicología del Mercado?

La psicología del mercado es el estudio de los comportamientos de los inversores y comerciantes en los mercados financieros. Estudia cómo los comportamientos humanos pueden influir en la forma en que el mercado se desarrolla. Estudia cómo los distintos factores pueden afectar el comportamiento y los resultados de los inversores. La psicología del mercado se centra en entender cómo los comportamientos humanos, como el miedo, la avaricia, la euforia y la disciplina, pueden influir en los resultados de los comerciantes.

La Psicología del Mercado y el Comportamiento del Inversor

Los inversores y comerciantes tienen diferentes comportamientos cuando operan en los mercados financieros. Por ejemplo, algunos inversores son muy conservadores y sólo invierten en activos seguros. Otros inversores son más arriesgados y están dispuestos a tomar mayores riesgos para obtener mayores rendimientos. La psicología del mercado estudia cómo estos diferentes comportamientos afectan el desempeño de los inversores y cómo influyen en el mercado.

Las Emociones en el Trading

Las emociones juegan un papel importante en el trading. Los inversores a menudo se ven influenciados por sus emociones cuando toman decisiones de inversión. Por ejemplo, un inversor puede tomar una decisión de inversión impulsada por el miedo, la avaricia o la euforia. Estas emociones pueden llevar a los inversores a tomar malas decisiones de inversión y, a menudo, estas malas decisiones tienen consecuencias financieras negativas. Por lo tanto, es importante que los inversores aprendan a controlar sus emociones y a tomar decisiones de inversión racionales.

El Miedo al Mercado

El miedo es una emoción común entre los inversores. El miedo puede afectar negativamente el desempeño de los inversores, ya que puede llevar a los inversores a tomar decisiones irracionales. Por ejemplo, un inversor puede tener miedo de perder dinero y, por lo tanto, puede optar por invertir en instrumentos financieros más seguros. Esto puede limitar el potencial de rendimiento de los inversores y reducir su rentabilidad.

La Avaricia en el Trading

La avaricia es otra emoción común entre los inversores. La avaricia puede llevar a los inversores a tomar decisiones irracionales con el objetivo de obtener mayores retornos. Por ejemplo, un inversor puede estar demasiado deseoso de obtener mayores retornos y, por lo tanto, puede arriesgar demasiado en una operación y, por lo tanto, incurrir en mayores pérdidas. Es importante que los inversores mantengan la avaricia bajo control y eviten tomar decisiones de inversión irracionales.

La Euforia en el Trading

La euforia es otra emoción común entre los inversores. La euforia puede llevar a los inversores a tomar decisiones irracionales con el objetivo de obtener mayores retornos. Por ejemplo, un inversor puede estar demasiado emocionado con una operación y arriesgar demasiado en ella. Esto puede ocasionar mayores pérdidas para el inversor. Por lo tanto, es importante que los inversores mantengan la euforia bajo control y eviten tomar decisiones de inversión irracionales.

La Disciplina en el Trading

La disciplina es una de las cualidades más importantes de un buen inversor. Los inversores deben tener una disciplina sólida para tomar decisiones de inversión racionales. Esto significa que los inversores deben ser capaces de controlar sus emociones, como el miedo, la avaricia y la euforia, y tomar decisiones de inversión racionales. La disciplina también ayuda a los inversores a mantenerse al día con el mercado y estar al tanto de las tendencias y cambios en el mismo.

Gestión de Riesgos

La gestión de riesgos es una parte importante de la psicología del mercado. La gestión de riesgos implica el análisis de los riesgos asociados con una inversión y la toma de decisiones para minimizar esos riesgos. Esto incluye el uso de herramientas como stop-loss, take-profit y trailing stops para limitar el riesgo. Estas herramientas ayudan a los inversores a limitar sus pérdidas y asegurar que sus inversiones sean rentables.

Conclusiones

En conclusión, comprender la psicología del mercado es una parte importante del éxito comercial. La psicología del mercado se refiere a la forma en que los inversores y comerciantes se comportan cuando realizan operaciones de compra y venta en los mercados financieros. Estudia cómo los comportamientos humanos pueden influir en la forma en que el mercado se desarrolla. Las emociones, como el miedo, la avaricia, la euforia y la disciplina, son factores clave que pueden afectar el comportamiento de los inversores. Por lo tanto, es importante que los inversores aprendan a controlar sus emociones y a tomar decisiones de inversión racionales. Por último, la gestión de riesgos es una parte importante de la psicología del mercado. Esto ayuda a los inversores a minimizar el riesgo de sus inversiones y asegurar que sus inversiones sean rentables.

Hacker Jailed for 10 Years After Stealing $13K From Crypto Exchange

• A hacker in Ho Chi Minh City, Vietnam was sentenced to 10 years in jail for stealing $13,000 USD from a cryptocurrency exchange.
• The hacker, Nham Hoang Khang, was charged with extortion and ordered to return the stolen money.
• Khang gained access to the exchange by exploiting vulnerabilities and obtaining personal data of 29,000 customers.

A hacker has been sentenced to 10 years in jail for stealing 300 million Vietnamese dong (around $13,000 USD) from a cryptocurrency exchange in Ho Chi Minh City, Vietnam. Nham Hoang Khang, the hacker, was charged with extortion and ordered to return the stolen money on Friday by the city’s People’s Court.

The crypto exchange was established by Vu Ngoc Chau in 2018 to connect potential buyers and sellers of cryptocurrencies, taking a fee for the transactions it facilitated. Users were required to open accounts and provide personal information such as phone number, email address and a copy of an ID document.

In October 2020, Khang used his phone to create multiple accounts on the platform. He discovered that the website, T-rex.exchange, had several vulnerabilities that could be exploited to get hold of both data and digital currency. The following month, the hacker managed to gain control over the account of a T-rex employee, allowing him to access around 30,000 USDT. The team detected the unusual transactions and locked the account to prevent further operations with the cryptocurrency.

Once he found that he no longer had access to the compromised account, Khang obtained the personal data of 29,000 customers and created a large number of fake orders while threatening with further cyberattacks. The owner of the exchange, Vu Ngoc Chau, was forced to pay the hacker to return the stolen data and money.

The Vietnamese Court has now ordered Khang to return the stolen money and sentenced him to 10 years in prison for his actions. The case has highlighted the importance of cybersecurity for crypto exchanges, especially in countries like Vietnam where there are still no legal regulations for the sector. It is hoped that this case serves as a warning to other potential hackers who may be targeting cryptocurrency exchanges.

Der Einfluss von Bitcoin-Preistrends auf den Finanzmarkt

Bitcoin ist eine digitale Kryptowährung, die sich schnell zu einem der am meisten diskutierten Themen in der Finanzwelt entwickelt hat. Seit seinem Beginn im Jahr 2009 hat Bitcoin einige Preisschwankungen erlebt und bietet Investoren weiterhin ein hohes Maß an Volatilität. Der Preis von Bitcoin ist in den letzten Jahren stark gestiegen und hat die Aufmerksamkeit vieler Investoren auf sich gezogen. Die Preistrends von Bitcoin spielen eine wichtige Rolle bei der Bewertung des potenziellen Erfolgs eines Investors.

Aktuelle Bitcoin-Preistrends

Der aktuelle Bitcoin-Preis liegt bei rund $7000. Dieser Preis hat sich seit dem Allzeithoch von rund $20.000 im Dezember 2017 erheblich verändert. Seitdem ist der Preis von Bitcoin sehr volatil geblieben und hat einige signifikante Änderungen erlebt. Einige Investoren sehen dies als ein Zeichen für eine neue Ära von Volatilität, während andere befürchten, dass Bitcoin eine Blase sein könnte.

Die Auswirkungen von Bitcoin-Preistrends auf den Handel

Der Handel mit Bitcoin ist eine der beliebtesten Möglichkeiten, um Gewinne aus dem Markt zu erzielen. Die Preistrends von Bitcoin können einen erheblichen Einfluss auf den Handel haben. Daher ist es für Trader sehr wichtig, die aktuellen Bitcoin-Preistrends zu verstehen und zu beobachten, um erfolgreich zu sein. Darüber hinaus kann der Handel mit Bitcoin über Bitcoin Era, eine beliebte Online-Handelsplattform, einfach und sicher gestaltet werden.

Kurzfristige Bitcoin-Preistrends

Kurzfristige Bitcoin-Preistrends beziehen sich auf Preisschwankungen, die innerhalb eines bestimmten Zeitraums von wenigen Tagen oder Wochen auftreten. Diese kurzfristigen Trends können aufgrund kurzfristiger Faktoren wie Nachrichten, politischen Ereignissen oder anderen externen Einflüssen erheblich schwanken. Daher ist es für Investoren sehr wichtig, die aktuellen Nachrichten und politischen Entwicklungen im Auge zu behalten, um sich über Bitcoin-Preistrends im Klaren zu sein.

Langfristige Bitcoin-Preistrends

Langfristige Bitcoin-Preistrends beziehen sich auf Preisschwankungen, die sich über einen längeren Zeitraum von mehreren Monaten oder sogar Jahren erstrecken. Diese langfristigen Trends können aufgrund grundlegender Faktoren wie der allgemeinen Wirtschaftslage, der Regulierung von Kryptowährungen oder anderer persönlicher Faktoren variiert werden. Daher ist es für Investoren äußerst wichtig, die grundlegenden Faktoren im Auge zu behalten, um sich über Bitcoin-Preistrends im Klaren zu sein.

Die Auswirkungen von Bitcoin-Preistrends auf den Finanzmarkt

Der Finanzmarkt ist ein sehr komplexes System, das aus vielen verschiedenen Marktteilnehmern besteht. Daher können die Preistrends von Bitcoin einen großen Einfluss auf den Finanzmarkt haben. Einige Investoren nutzen die Schwankungen, um zu versuchen, Gewinne zu erzielen, während andere versuchen, sich vor Verlusten zu schützen. Daher können die Preistrends von Bitcoin einen starken Einfluss auf den Finanzmarkt haben.

Die Auswirkungen von Bitcoin-Preistrends auf die Wirtschaft

Die Preistrends von Bitcoin können auch einen Einfluss auf die Wirtschaft haben. Da Bitcoin eine digitale Währung ist, kann der Preis der Währung dazu beitragen, einige wirtschaftliche Aktivitäten entweder zu erhöhen oder zu verringern. Daher ist es für Investoren sehr wichtig, die aktuellen Bitcoin-Preistrends im Auge zu behalten, um potenzielle wirtschaftliche Auswirkungen vorherzusagen.

Die Auswirkungen von Bitcoin-Preistrends auf die Investoren

Einige Investoren nutzen die Preistrends von Bitcoin, um ein hohes Maß an Gewinn zu erzielen. Durch die Analyse der aktuellen Bitcoin-Preistrends können Investoren ein besseres Verständnis davon erhalten, wie sich der Preis von Bitcoin in der Zukunft entwickeln könnte, um Gewinne zu erzielen. Auf der anderen Seite können Investoren auch dazu verleitet werden, unvorhersehbare Risiken einzugehen, wenn sie versuchen, die aktuellen Bitcoin-Preistrends zu nutzen.

Der Einfluss von Bitcoin-Preistrends auf den Finanzmarkt

Der Einfluss von Bitcoin-Preistrends auf den Finanzmarkt kann nicht überbewertet werden. Bitcoin-Preistrends können einen erheblichen Einfluss auf den Finanzmarkt haben. Daher ist es für Investoren unerlässlich, die aktuellen Bitcoin-Preistrends zu verstehen und zu beobachten, um sicherzustellen, dass sie erfolgreich sind.

Fazit

Die Preistrends von Bitcoin können einen erheblichen Einfluss auf den Finanzmarkt haben. Daher ist es für Investoren sehr wichtig, die aktuellen Bitcoin-Preistrends zu verstehen und zu beobachten, um Gewinne zu erzielen und sicherzustellen, dass sie vor Verlusten geschützt sind. Der Handel mit Bitcoin über Bitcoin Era ist eine einfache und sichere Möglichkeit, um von den Preistrends von Bitcoin zu profitieren.

ViaBTC Capital Steers Crypto Investment Through Bear Market

• ViaBTC Capital has become a prominent institution within the blockchain space in 2022, investing in distinctive projects such as SingSing, ZKX Protocol, Sparkadia, Port3, PEPO, Orderly Network, Aperture, and WOO.
• ViaBTC Capital has also reached strategic partnerships with public chain ecosystems such as Near (MetaWeb Ventures), Metis, and Avalanche.
• Despite the sluggish crypto market this year, the institution has built a robust, diversified portfolio while improving its post-investment services.

The year 2022 has been a difficult one for the global financial markets, with economic growth slowing to a crawl. The crypto market has also been affected, entering a prolonged bear period. Despite these challenging conditions, the crypto industry has still managed to raise more funds in the first half of the year than it did in 2021, proving that the bear market also offers premium categories and projects to those who are willing to invest in them.

One such investor is ViaBTC Capital, a new institutional investor focusing on blockchain. Since its inception, the institution has sought to leverage the technology, talent, project, and capital of the blockchain space in order to build an all-encompassing, globalized blockchain investment ecosystem. This year, ViaBTC Capital has invested in a number of distinctive, promising projects, such as SingSing, ZKX Protocol, Sparkadia, Port3, PEPO, Orderly Network, Aperture, and WOO.

In addition to investing in projects, ViaBTC Capital has also formed strategic partnerships with public chain ecosystems such as Near (MetaWeb Ventures), Metis, and Avalanche. By sharing resources, the institution is able to empower each other and deliver win-win results.

Remaining dynamic in today’s bear market, ViaBTC Capital has built a robust, diversified portfolio while also improving its post-investment services. In particular, the institution has focused on infrastructure and data services, with an emphasis on ZK technology and applications.

In summary, despite the challenges of the bear market, ViaBTC Capital has managed to make significant strides in its investments and partnerships this year. By carefully selecting projects and forming strategic partnerships, the institution has been able to create a robust, diversified portfolio and deliver win-win results. It is an encouraging sign for the future of the crypto industry.

Stock Market Crash Looms: Last Chance to Buy Gold & Silver, Oil to Crush Other Investing in 2023

• Robert Kiyosaki predicts a stock market crash is coming, suggesting now is the last chance to buy gold and silver at low prices.
• The guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO, was recently unsealed. Her testimony claims that FTX Boss SBF directed her to co-mingle customer funds since 2019.
• As the United States Fed turns 109 years old, the dollar has lost 96% of its purchasing power since the Federal Reserve was created and a market strategist expects oil to “crush” other investments in 2023.

The world of finance has been abuzz this past week with news of predictions, mysteries, and even the celebration of a historical milestone. Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, says now may be the last chance to buy gold and silver at low prices, predicting a stock market crash will send prices of the precious metals higher. This comes as the crypto community has been curious about the former Alameda Research co-CEO Sam Trabucco, and his whereabouts, as the guilty plea of Alameda’s former CEO Caroline Ellison has been unsealed, revealing troubling information about customer funds.

In addition, as the United States Fed has turned 109 years old on Dec. 23, the dollar has lost 96% of its purchasing power since the Federal Reserve was created. Finally, one market strategist expects oil to „crush“ other investments in 2023.

Robert Kiyosaki is a widely respected author, investor and financial educator, and he is known for his bold predictions. In his latest prediction, Kiyosaki has warned that now may be the last chance to buy gold and silver at low prices, as he predicts a stock market crash will send prices of the precious metals higher. He believes that inflation and higher interest rates will be two key factors that will cause a stock market crash, and that investors should be prepared for the downturn.

The crypto community has been curious about the former Alameda Research co-CEO Sam Trabucco, as the guilty plea of Alameda’s former CEO Caroline Ellison has been unsealed. In her statements, Ellison described that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly to the former FTX CEO Sam Bankman-Fried (SBF). The ex-Alameda CEO’s testimony details that she was instructed to co-mingle customer funds since 2019. It is still unknown what happened to Trabucco after he left Alameda Research.

On Dec. 23, the United States Fed celebrated its 109th birthday. Since its creation, the US dollar has lost a whopping 96% of its purchasing power, making it difficult for Americans to get ahead and save for their retirement. This has caused many to look for alternative investments to protect their wealth, such as gold and silver.

Finally, one market strategist expects oil to „crush“ other investments in 2023. With the increasing demand for oil due to the pandemic, oil prices are expected to continue to rise, and this could lead to great investment opportunities for those who are willing to take the risk.

All in all, it has been an eventful week in the world of finance. From Robert Kiyosaki’s bold predictions to the unsealed testimony of Caroline Ellison, investors have plenty to think about as they prepare for the coming year. Whether it be gold and silver, oil, or other investments, it is important to do your own research and make sure you are making the best decisions for your own financial future.

Robert Kiyosaki: Why He’s Investing in Bitcoin Before SEC Regulations Crush Other Crypto Tokens

• Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has revealed why he is buying more Bitcoin.
• He warned that the U.S. Securities and Exchange Commission (SEC) will „crush“ most other crypto tokens with its regulations.
• He is investing in Bitcoin because it is classified as a commodity by the SEC, much like gold, silver, and oil.

Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has recently revealed why he is investing in Bitcoin. Kiyosaki, who has sold over 32 million copies of the book in over 51 languages across 109 countries, said he is “very excited” about investing in the cryptocurrency.

The reason for this excitement is the fact that Bitcoin is classified as a commodity by the U.S. Securities and Exchange Commission (SEC). According to Kiyosaki, this means that Bitcoin is treated much like gold, silver, and oil, and is therefore not subject to the same regulations as other crypto tokens. The SEC Chairman, Gary Gensler, has made it clear that Bitcoin is a commodity while most other crypto tokens are securities.

Kiyosaki warned that this classification could have a major impact on the other crypto tokens, as the SEC will have the power to “crush” them with its regulations. He said that this is why he is investing in Bitcoin, as it is the only cryptocurrency that is not subject to the same regulations.

The SEC has been criticized for taking a tough stance on cryptocurrencies, with some arguing that it is stifling innovation in the sector. However, Kiyosaki believes that this is necessary in order to ensure the integrity of the market.

Kiyosaki’s comments come at a time when Bitcoin is enjoying a surge in popularity, with its price reaching an all-time high in 2021. Kiyosaki believes that this is a sign that people are beginning to realize the potential of Bitcoin and other cryptocurrencies, and he is urging investors to take advantage of this opportunity.

Overall, Robert Kiyosaki has made it clear that he believes Bitcoin is the best option for investors due to its classification as a commodity. He believes that the SEC’s regulations will have a major impact on other crypto tokens, and that investors should take advantage of the opportunity presented by Bitcoin.

Ethereum Resiliently Retains Top Spot as ‚Ethereum Killers‘ Fail to Overtake

• At the end of 2021, many people thought that a handful of smart contract platform tokens, often referred to as ‚Ethereum killers,‘ would flip the second-largest crypto asset in terms of market capitalization in 2022.
• Ethereum (ETH) has outperformed its competitors in terms of market cap, decentralized finance action, and non-fungible token sales.
• Statistics from defillama.com shows Ethereum (ETH) has dominated the decentralized finance (DeFi) space, accounting for almost 60% of the total market cap, while other smart contract platform tokens have lost considerable amounts of value during the crypto winter.

The end of 2021 saw a surge of people believing that the second-largest crypto asset in terms of market capitalization, Ethereum (ETH), could be ‘flipped’ by a handful of so-called ‘Ethereum killers’. A number of tokens, such as BNB, solana (SOL), cardano (ADA), avalanche (AVAX), and polkadot (DOT), were identified as potential Ethereum killers by the publication Forkast in its editorial “The Top Five Ethereum Killers”. At the time, the top smart contract platform coins held an overall valuation of around $823 billion with ETH’s market capitalization representing 59.42% of the aggregate.

However, as the year 2022 draws to a close, statistics show that none of these tokens have succeeded in surpassing ETH, and many of them have lost considerable amounts of value during the crypto winter. According to data from Defillama.com, Ethereum has dominated the decentralized finance (DeFi) space, accounting for almost 60% of the total market cap, while other smart contract platform tokens have suffered losses.

ETH has outperformed its competitors in terms of market capitalization, decentralized finance action, and non-fungible token sales. As of December 30, 2022, the crypto economy’s top smart contract platform coins are valued at $239 billion, and ETH’s market cap is roughly $144 billion. This equates to 60.25% of the aggregate value of all the top smart contract platform tokens listed today.

It is clear that Ethereum has cemented its position as the leading smart contract platform token, despite the numerous attempts of so-called ‘Ethereum killers’ to unseat it. Ethereum has proven to be resilient, especially during the crypto winter, and it will likely remain the leading smart contract platform token in the foreseeable future.

Ethereum’s Transition to PoS Reduces Issuance Rate to 0.014%

• Ethereum’s transition from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network has resulted in a significant decrease in the issuance rate of new coins, which is now 0.014% per annum.
• Ethereum’s simulated PoW inflation rate per year would have been 3.58%, or approximately 1,247,674.60 ether added to the supply.
• The Ethereum network has a burn mechanism, and records show roughly 658,000 ether is burned each year, with 2,795,773 ether or $8.78 billion in U.S. dollar value has been burned by destroying ETH since the Aug. 5, 2021 London Hard Fork.

Since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network on September 15, 2022, there have been significant changes to the issuance rate of new coins. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place. In contrast to the simulated PoW inflation rate of 3.58% per year, Ethereum’s current issuance rate of new coins per annum is 0.014%.

This is a significant difference, as if ETH remained a PoW chain during the last 105 days, then approximately 1,247,674.60 ether would have been added to the supply. This would have amounted to $1.5 billion in value added, rather than the $5.7 million that has been added since the transition.

In addition to the lower issuance rate, Ethereum also has a burn mechanism, and records show roughly 658,000 ether is burned each year. This has been a successful strategy, as to date, 2,795,773 ether or $8.78 billion in U.S. dollar value has been burned by destroying ETH since the Aug. 5, 2021 London Hard Fork. Data from Dune Analytics indicates the biggest leader in terms of the number of ETH burned is tied to the Ethereum 2.0 network, with over 1.2 million ether burned since the launch of the beacon chain.

Overall, the transition to the proof-of-stake network has had a great effect on the issuance rate of new coins, as well as the burn mechanism. The decrease in new coins has been incredibly beneficial, and it is expected that the number of Ethereum validators will surpass 500,000 in 2023.