{"id":65501,"date":"2022-08-08T17:58:26","date_gmt":"2022-08-08T14:58:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65501"},"modified":"2025-09-06T20:19:06","modified_gmt":"2025-09-06T17:19:06","slug":"nansen-ceo-forecasts-decline-in-activity-on-other-networks-after-the-merge","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nansen-ceo-forecasts-decline-in-activity-on-other-networks-after-the-merge\/","title":{"rendered":"Nansen CEO Forecasts Decline in Activity on Other Networks After The Merge"},"content":{"rendered":"

Cryptocurrency users may switch to using Ethereum following the network\u2019s upcoming transition to the Proof-of-Stake<\/a> consensus algorithm. Alex Svanevik, CEO of analytics firm Nansen, told Cointelegraph.<\/p>\n

He compared blockchains to cities. According to the expert, just as metropolises need hospitals, lawyers and media, networks require, among other things, DEXs, marketplaces, and analytics firms.<\/p>\n

Svanevik did not rule out that after the merge<\/a> many networks would become \u2018ghost towns\u2019, some may carve out their own niches.<\/p>\n

The head of Nansen noted that during the last bull market Ethereum alternatives drew attention amid NFT hype. He cited a rise in transaction fees on the network of the second-largest cryptocurrency to triple-digit values.<\/p>\n

\n

“It will be interesting to observe to what extent the current demand for competitors persists, and how much of the activity was tied to this side effect. We could see a decline in the metrics,”<\/em> Svanevik predicted.<\/p>\n<\/blockquote>\n

Svanevik did not rule out that some blockchains could become part of history. Projects that have built the infrastructure necessary to expand the ecosystem will remain, such as Solana, Polygon<\/a> and Avalanche<\/a>, he added.<\/p>\n

Analysts at Citi \u043e\u0442\u043c\u0435\u0442\u0438\u043b\u0438<\/a>, that The Merge<\/a> will reduce the energy intensity of the Ethereum network, shift issuance to a deflationary model, and “pave the way to a more scalable future through sharding.”<\/p>\n

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Cryptocurrency users may switch to using Ethereum following the network\u2019s upcoming transition to the Proof-of-Stake consensus algorithm. Alex Svanevik, CEO of analytics firm Nansen, told Cointelegraph.<\/p>\n","protected":false},"author":1,"featured_media":65502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1138],"class_list":["post-65501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=65501"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65501\/revisions"}],"predecessor-version":[{"id":65503,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65501\/revisions\/65503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65502"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}