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Flow (FLOW) $ 0.432534
Jito (JTO) $ 2.17
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Kaia (KAIA) $ 0.109310
Marinade Staked SOL (MSOL) $ 170.01
Renzo Restaked ETH (EZETH) $ 2,101.56
Stables Labs USDX (USDX) $ 1.00
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Raydium (RAY) $ 1.93
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Core (CORE) $ 0.477137
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Virtuals Protocol (VIRTUAL) $ 0.675951
APENFT (NFT) $ 0.00000044
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 85,688.00
Chiliz (CHZ) $ 0.046046
THORChain (RUNE) $ 1.24
Super OETH (SUPEROETHB) $ 2,021.30
ApeCoin (APE) $ 0.530183
Aerodrome Finance (AERO) $ 0.524732
clBTC (CLBTC) $ 84,185.00
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Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,019.60
OUSG (OUSG) $ 110.37
Hashnote USYC (USYC) $ 1.08
USDB (USDB) $ 0.993506
Pendle (PENDLE) $ 2.50
SPX6900 (SPX) $ 0.428171
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Fartcoin (FARTCOIN) $ 0.380395
StakeWise Staked ETH (OSETH) $ 2,101.53
Axelar (AXL) $ 0.400855
Trust Wallet (TWT) $ 0.899143
cgETH Hashkey Cloud (CGETH.HASH) $ 2,077.75
Infrared Bera (IBERA) $ 5.45
ether.fi Staked ETH (EETH) $ 2,016.49
Beam (BEAM) $ 0.006872
Grass (GRASS) $ 1.30
Terra Luna Classic (LUNC) $ 0.000065
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Olympus (OHM) $ 21.63
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Lorenzo stBTC (STBTC) $ 84,951.00
Amp (AMP) $ 0.004070
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Mantle Bridged USDT (Mantle) (USDT) $ 0.997955
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Reserve Rights (RSR) $ 0.005845
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KAITO (KAITO) $ 1.35
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JUST (JST) $ 0.030538
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Frax Ether (FRXETH) $ 2,019.24
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Snek (SNEK) $ 0.003443
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Blur (BLUR) $ 0.108623
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Venom (VENOM) $ 0.118995
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Nervos Network (CKB) $ 0.005190
Basic Attention (BAT) $ 0.156504
Safe (SAFE) $ 0.414446
0x Protocol (ZRX) $ 0.267985
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Oasis (ROSE) $ 0.033124
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Stargate Finance (STG) $ 0.214440
BTSE Token (BTSE) $ 1.28
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Holo (HOT) $ 0.001150
Celo (CELO) $ 0.361876
AI Companions (AIC) $ 0.202872
Fluid (FLUID) $ 5.14
OriginTrail (TRAC) $ 0.406000
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Frax Share (FXS) $ 2.21
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Dog (Bitcoin) (DOG) $ 0.001947
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Nvidia CEO says ‘Ethereum is going to be valuable’ and is excited about Proof-of-Stake

By Aleksandr On Jun 13, 2021

During a recent interview with VentureBeat’s Dean Takashi in an online-only Computex event, Jensen Huang, CEO of Nvidia, gave his thoughts on the Ethereum Proof-of-Stake blockchain and its value.

With the Ethereum network’s current reputation, Huang believes many people consider it a legitimate, established, and credible network that works well. At present, “a lot of people depend on it for DeFi and other things. This is a great time for proof of stake to come.” Huang elaborated:

“Am I excited about proof of stake? The answer’s yes. I believe that the demand for Ethereum has reached such a high level that it would be nice for either somebody to come up with an ASIC that does it, or for there to be another method,” – the Nvidia CEO told VentureBeat.

The transition phase will see new Ethereum protocols, such as the transition to Ethereum 2.0, which is crucial for getting a hold on spiraling fees and holds sway for the broader adoption of Ethereum, particularly for the masses. According to Huang:

“It’s now established that Ethereum is going to be quite valuable. There’s a future where the processing of these transactions can be a lot faster, and because there are so many people built on top of it now, Ethereum is going to be valuable.”

Ethereum network has value

Ethereum’s upgrade, known as EIP-1559, part of a more significant move toward Ethereum 2.0, will see the network’s current transaction fee system revised.

Users send a fee to the network itself instead of to the miners that maintain the network. Said fees would then be burned, reducing the overall ether supply, which in and of itself is a controversial topic among the cryptocurrency community.

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In the meantime, there will be a lot of coins mined. For this reason, Huang’s firm created a new product called CMP. This fresh off-the-line product is designed for professional crypto mining.

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