DeFi
Ethereum
Research
March 8, 2019, 4:30PM EST
• 4 min read

On-chain activity under the microscope: Ethereum hashrate steady despite issuance reduction, MakerDAO stability fee hike moves to executive vote

Matteo Leibowitz

Quick Take

  • Despite a 28.11% decline in block rewards since Dec. 23, Ethereum’s hashrate has declined by just 10.63%
  • Uncle rates are up 53% since the Constantinople and St. Petersburg upgrade, while block size has fallen by 29%
  • A proposal to hike the MakerDAO stability fee by another 2% has entered executive voting
  • xDai has saved both merchants and users on transaction costs, but daily activity is down since ETHDenver 

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