Chain Insights — Analyzing Ethereum One Year Post-Merge

Chain's one-year review of Ethereum after the Merge, its move from proof of work to proof of stake, says the change was a major milestone, while raising concerns about staking centralization, scalability and regulation. The article states that Ethereum's energy consumption fell by 99.99% according to the Crypto Carbon Ratings Institute, and that the amount of ether staked nearly doubled after the Merge. It says Lido accounts for 32% of all staked Ethereum, and that average transactions per second stayed in the teens. It also says the upcoming Dencun upgrade with proto-danksharding promises to scale Ethereum to over 100,000 TPS.