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Ethereum Marks Highest Growth Day In 2022, Will ETH Price Follow?

by Repost Admin October 10, 2022, 5:50 pm 1.4k Views

All eyes have been on the Ethereum network since it moved from a Proof of Work (PoW) to a proof of Stake (PoS) mechanism. Granted, the digital asset’s price hasn’t done as well as many had predicted it would after the upgrade but the new functions of the network remains fascinating. Now, Ethereum has marked another milestone following the upgrade, with the largest single growth day recorded so far in 2022.

Growth On Steroids

Activity on the Ethereum blockchain has been higher since the Merge was completed. The steady increase had inadvertently led to the highest growth day on record for Ethereum in the year 2022. The previous high for the year had been back at the beginning of January but the numbers recorded on Saturday, October 8, had effectively crushed the January 3rd numbers.

On-