Ethereum News

Ethereum (ETH) was launched in 2015 by Vitalik Buterin and a team of co-founders as the world's first programmable blockchain, enabling smart contracts and decentralized applications (dApps) that extend far beyond simple peer-to-peer transactions. After transitioning from proof-of-work to proof-of-stake consensus through "The Merge" in 2022, Ethereum now processes transactions more efficiently while maintaining its position as the foundation for decentralized finance (DeFi) and Web3 innovation.

The Ethereum ecosystem encompasses thousands of decentralized applications, from DeFi protocols like Uniswap and Aave to NFT marketplaces, gaming platforms, and layer-2 scaling solutions like Arbitrum and Polygon. Developers, validators, and users interact within this programmable economy where ETH serves as both a digital currency and the fuel powering smart contract execution through gas fees.

CoinDesk covers all aspects of Etherum, from protocol upgrades and scaling developments to DeFi innovation and regulatory implications. Our reporters track everything from Ethereum's roadmap milestones and staking developments to the broader implications of programmable money and decentralized autonomous organizations.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Tech

Ethereum's Lifetime Energy Use Before the Merge Equaled Switzerland's for a Year

If Bitcoin’s energy consumption can be thought of as a skyscraper, Ethereum’s energy use post-Merge, would be the size of a raspberry, according to University of Cambridge research.

By Ian AllisonApr 26, 2023

Ethereum's post-Merge energy consumption is comparable in size to a raspberry (CCAF)

Markets

Ethereum Shanghai Upgrade Brings Record Inflow of 572K ETH Staked in a Week

The influx into ETH staking was mainly driven by deposits from institutional staking platforms and reinvesting rewards, crypto analysts said.

By Krisztian SandorApr 24, 2023

ETH staking deposits (Dune Analytics, 21Shares)

Markets

Ethereum Layer 2 Networks’ Total Value Locked Hovers at Near-Record High, Data Shows

TVL soared past $10 billion on the Ethereum blockchain earlier this month before dipping, according to analytics website L2Beat. Arbitrum dominates the layer 2 scaling landscape by market share.

By Jocelyn YangApr 24, 2023

Markets

Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking

The largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.

By Krisztian SandorApr 21, 2023

Tech

1inch, Aggregator of Decentralized Crypto Exchanges, to Launch on Ethereum Rollup zkSync Era

The company, which nabbed $175 million in a 2021 series B funding round, is one of the biggest protocols yet to launch on a zero-knowledge EVM.

By Sam KesslerApr 20, 2023

(Creative Commons, modified by CoinDesk)

Finance

Total Value on Liquid Staking Platform Agility Soars to $467M Following Ethereum Shapella Fork

Despite Agility’s total valued locked increasing more than 643% to $467 million in the past seven days, CoinGecko and CoinMarketCap are warning about AGI developers having the ability to mint new tokens.

By Sage D. YoungApr 20, 2023

Videos

Ethereum Withdrawal Requests Now Face Roughly 17-Day Wait

Ethereum validators that have put in withdrawal requests following the network's Shanghai upgrade will have to wait upwards of 17 days to get their staked ether (ETH) back, according to data analytics firm Nansen. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

Apr 19, 2023

Videos

Scroll Co-Founder on Ethereum Scaling Race

A decentralized, global team of developers is shirking the urge to be the first to scale Ethereum. As part of CoinDesk's Projects to Watch 2023, Scroll co-founder Sandy Peng discusses Ethereum's "zero-knowledge" arms race and how Scroll stands out from the competition.

Apr 19, 2023

Tech

CoinDesk Winds Down Ethereum Validator ‘Zelda,’ and We Now Wait to Get Money Back

Following last week's milestone Shanghai upgrade, we moved to wind down CoinDesk's Ethereum validator project, but it could be a week before the 32 ETH we staked (about $67,000 worth) hits our wallet. C. Spencer Beggs, our director of engineering, breaks down the technical steps he's taken.

By Bradley KeounApr 19, 2023