Ethereum Merge is 34k blocks away, expected to happen Sept. 14

The highly anticipated Ethereum (ETH) Merge is acceptable to hap connected Sept. 14 by 9 p.m. UTC, according to the Ultrasound Money tracker.

The tracker estimated that the highly anticipated merge is 34,000 blocks away. The merge is acceptable to hap astatine a terminal full trouble level of 58,750,000,000T, portion the latest artifact trouble stands astatine 12,345T.

Bellatrix backmost to normal

Gnosis co-founder Martin Köppelmann has revealed that erstwhile offline validators are backmost online arsenic the “clear disposable dip astatine Bellatrix (is) beauteous overmuch backmost to normal.”

After the wide disposable dip astatine Bellatrix we are beauteous overmuch backmost to normal! pic.twitter.com/Hf8T9X9kS0

— Martin Köppelmann (@koeppelmann) September 9, 2022

Köppelmann had raised concerns connected Sept. 6 that the missed artifact complaint of the Bellatrix upgrade was astir 9% which is higher than the accustomed complaint of 0.5%. Many successful the assemblage took this arsenic a cue to question the web readiness for the merge.

However, with the caller revelation, the assemblage volition beryllium assured that everything is going arsenic planned for the merge.

Ethereum supply

According to Ultrasound money, the full Ethereum proviso stands astatine implicit 120 million, and the magnitude of staked Ethereum connected the Beacon concatenation is 13.6 cardinal ETH, which is implicit 10% of the plus supply.

The tracker predicted that Ethereum PoS would contented 1700 ETH regular if staked ETH touches 14 million. It noted that arsenic the fig of staked Ethereum increases, the fig of issued assets would summation too.

Meanwhile, a Chainalysis report said the merge would entice much organization investors to Ethereum. According to the report, ETH would behave much similar bonds and commodities, boosting their assurance successful the token.

Ethereum burning mechanism

Ethereum’s burning mechanics volition apt guarantee that the proviso of the token decreases.

In the past 24 hours, 1,967.60 ETH has been burned, representing 1.37 ETH per minute, and the web has burned 38,236.53 ETH successful the past 30 days.

Protocols liable for astir of the burned ETH successful the past 30 days see OpenSea, Uniswap V3, Uniswap V2, Gem, and 1inch v4, meaning NFT and DeFi protocols are mostly liable for burned ETH.

The station Ethereum Merge is 34k blocks away, expected to hap Sept. 14 appeared archetypal connected CryptoSlate.