#EthereumMerge

The Ethereum Merge, completed in September 2022, transitioned Ethereum from Proof of Work (PoW) to Proof of Stake (PoS), marking one of the most significant upgrades in cryptocurrency history. Today, on February 7, 2025, Ethereum trades at $2,700 with a market cap of approximately $500 billion. This shift achieved a 99.95% reduction in energy consumption, fundamentally changing Ethereum's environmental footprint. Post-Merge, Ethereum's staking has grown, with more than 1 million validators on the network, indicating strong community support for PoS. The Merge was not just about energy efficiency; it laid the groundwork for future scalability through sharding and other upgrades like the "Surge," "Verge," "Purge," and "Splurge." However, Ethereum's gas fees remain a point of discussion, with significant liquidations in the last 24 hours hinting at ongoing volatility and adjustments within the ecosystem. While the immediate impact on gas fees was minimal, the community looks forward to further developments that could address scalability and cost, potentially redefining Ethereum's role in the blockchain space.