$ETH Ethereum (ETH) has undergone significant developments, shaping its current state and future trajectory.

Recent Developments:

The Merge (September 2022): Ethereum transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS), reducing its energy consumption by 99%.

Dencun Upgrade (March 2024): This upgrade, also known as "Deneb-Cancun," aimed to lower transaction fees on Layer 2 networks built atop Ethereum, enhancing scalability and affordability for decentralized applications (dApps).