consensus, which will allow Ether holders to stake ETH. By securing ETH in the blockchain in exchange for block reward payments, ETH stakers can benefit from the annual yield. In the end, this will also improve ETH’s economic bandwidth.
Serenity Phase 0 — Launched on Dec 1, 2020, the technological implementations are split into the Beacon Chain, PoS consensus and validator nodes. As DeFi reached a few critical milestones between 2020 and the present, the number of new DeFi assets topped 1,000. The upshot? Its user base hit anin the first month. DeFi has now taken the shape of a complete financial ecosystem, and its economic bandwidth is scaling with over $7 billion in stablecoins. Half of that value is locked away in ERC-20 tokens built on Ethereum.
In the meantime, the upcoming Ethereum halving on August 4 only means that its value will grow, promising that demand will surpass supply. Yet only the future can tell how high Ethereum will go.Forecasts of Ethereum’s future price movement have to consider both external and internal factors.