A new report published by CoinGecko has revealed the places around the world most interested in the upcoming Ethereum merger.
The data revealed that Singapore was the most interested country by far. Singapore scored 377 points, nearly 100 points ahead of second-place countries Switzerland and Canada, both tied at 286 points. Germany, the United States and the Netherlands took the remaining top five spots.
Scores were determined by analyzing the frequency of ten search terms and then combined for the overall ranking. These terms included “Ethereum Merge,” “ETH Merge,” and “Ethereum PoW,” among others.
Certain terms had particular power in Singapore, such as “Ethereum Merge”, “ETH Classic”, and “Ethereum”. In Switzerland, users searched for “ETH alone more than anywhere else in the world.
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Bobby Ong, COO and co-founder of CoinGecko, explained the results, saying global anticipation was at an all-time high with the merger expected in less than a week. The developers claim that it will take place between September 13 and 15.
“The top 8 rankings on this list seem to encompass countries with strong Ethereum communities, which could explain their high search scores in this study.
When the Ethereum network’s merger from proof-of-work (PoW) to proof-of-stake (PoS) occurs, it “will have effects that ripple throughout the entire cryptocurrency ecosystem,” Ong says.
As the world waits for the merger, the community on Crypto Twitter is active with expectations. Some claim high hopes for the Ethereum community:
Ethereum merger will reduce energy consumption by 99.9%
The major issue that halted institutional adoption of Bitcoin was energy consumption
ETH Institutional Adoption Is Set To Skyrocket In 2023
— JRNY Crypto (@JRNYcrypto) August 31, 2022
While others anticipate immediate repercussions for the native Ether (ETH) network cryptocurrency:
I think #Ethereum will empty hard on merge date
— Crypto Rover (@rovercrc) September 3, 2022
Even mainstream media have tried their hand at covering the upcoming transition.
Exchanges, miners, and developers across the space also prepared for the event in various ways. For example, Binance US started offering low-barrier Ethereum staking, while FTX announced plans to halt ETH deposits and withdrawals on Arbitrum, Solana, and the Binance Smart Chain during the merger.
Prior to the Bellatrix upgrade, which took place on Tuesday, September 6, 74% of Ethereum nodes were ready for the transition.