The price gap between the locked-up ether and spot ether may be a sign of traders demanding compensation for Ethereum’s "Merge" risks, a FundStrat analyst said.
Ethereum’s Ropsten testnet is on the brink of a pivotal transition to proof-of-stake, but an unwelcome “reorg” rained on the Merge prep parade last week.
Last week’s $625 million exploit of the Axie Infinity sidechain underscores the risks of sacrificing decentralization for scale, Ethereum boosters say.