DeFi
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 

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here