- Ethereum Merge, which took place on September 15.
- Ethereum held up to 90% of the dApp market.
Ethereum was created on July 30, 2015, and it is the second-largest cryptocurrency. Since its inception, the price of Ethereum (ETH) has fluctuated between highs and lows, and it is the home of smart contracts and decentralized applications (dApps), contributing to a large portion of the total value locked in the sector. Prior to the creation of competing platforms, Ethereum held up to 90% of the dApp market.
Despite this, Ethereum remains the undisputed king of dApps. Despite its high fees, the platform remains the preferred choice for a variety of applications, including finance, exchange, and storage, as well as gaming, non-fungible tokens (NFTs), and governance. This demonstrates how far it has progressed since its inception.
ETH Timeline 2022
The year 2022 has seen various upgrades, the most notable of which is the Ethereum Merge, which took place on September 15. and it has been changed to Proof-of-Work and Proof-of-Stake. In preparation for the integration, various modifications have occurred since the establishment of the Beacon chain. Altair and Bellatrix were two of the improvements. And the merger was a success. Sharding will be the next significant Ethereum update.
The Kiln testnet merge update in March caused the Ethereum price to skyrocket, and the first Ethereum mainnet first shadow hard fork goes live in July. And the developers have confirmed a July end merging date, while Coinbase announces the Black Rock collaboration in August, and Bellatrix is upgraded in September.
The merger took place in September, and there was no increase in the price of Ethereum as a result of the merger. In addition, the Ethereum fidelity launch occurred in October, and the crypto market prices have fallen as a result of the FTX crash.