Ethereum’s blockchain shifted from work-based security to a financial security model on September 15, 2022.
Merge (and previous changes like EIP-1559) was to cleanse the blockchain of its power attack stigma, so the community latches the changes in ETH issuance as a new era of ETH, and as a new era of “ultrasonic gold” as deflation.
Instead, the event simply marked one of them Best price for selling BTC ETH.
ETH prices are currently trading at their 4-year low against BTC, so take these additional performance metrics into consideration.
price
Ether prices – the first and most important indicator – is a disappointing starting point. When we celebrated the transition to POS, it cost 0.074 BTC to buy one ETH. ETH then proceeded to the endless slide.
Currently, it costs only 0.022 BTC to buy one ETH. It is 70% cheaper than when secured by actual miners’ work.
Market capital control
On September 15, 2022, ETH was worth 17.7% of the value of all crypto assets. BTC’s market advantage that day was 37.6%.
In the next two and a half years, ETH’s market share has fallen embarrassingly. BTC has been promoted to a market advantage of 58.9%, but ETH has been halved to just 8%.
Flip
Over the same period, ETH flipping ratios plummeted. On the day of the merge, ETH was 44.4% of the way to flip BTC with just 2.3 times the rally needed to achieve a larger market capitalization.
Today, the flipping ratio crashed to 13.8%, and ETH was You need to collect 7.3 times It’s bigger than BTC.
Read more: Bitcoin Flip Silver and Saudi Aramco – Is Google and Amazon next?
Active wallet
On September 15, 2022, Bitcoin had 841,579 active addresses. Fast forward to today and lost 21% of those users. It currently boasts 665,063 active addresses.
ETH has failed to outperform even with this unfortunate metric. On September 15, 2022, Ethereum had 619,189 active addresses, Losed a similar 21% of active addresses today. That figure is currently 486,636.
Transaction volume
BTC has siphoned trading activities from ETH since it abandoned work-based security. On September 15, 2022, ETH’s $25 billion was a respectable 73% of the majority of BTC’s $34 billion.
Today, that percentage fell to 59%. $19 billion versus BTC’s $32 billion.
