The EthereumPoW [ETHW] network has witnessed a significant upsurge in activity due to the recent market rally, on-chain data has revealed. This comes after an extended period of decline, during which demand for the chain plummeted to its lowest levels. A major indicator of the uptick in demand for the EthereumPoW network has been its hashrate, which has risen consistently since the 20th of November. According to data from 2Miners.com, in the 14 months prior, the network’s hashrate had declined by 65%. The drop in a network’s hashrate is often due to a decline in the value of its native cryptocurrency. This makes mining less profitable, leading to miners leaving the network.
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USDT
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BNB
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$0.999728
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XRP
$1.03
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$74.67
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$0.327167
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USDC
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XRP
$1.03
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SOL
$74.67
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$0.327167
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FIGR_HELOC
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$0.999841
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BCH
$216.08
▲ +1.30%
USD1
$0.999907
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USDE
$0.999695
▲ +0.00%
GRAM
$1.36
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Mkt Cap $2.30T
BTC Dom 56.77 %
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USDT
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BNB
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▲ +1.00%
USDC
$0.999728
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XRP
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SOL
$74.67
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$0.327167
▲ +0.10%
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$1.01
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HYPE
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$0.070255
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$0.012708
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LEO
$9.71
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XLM
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USD1
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USDE
$0.999695
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GRAM
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