A large majority of Ethereum miners are against the proposal. But that hasn’t stopped developers from scheduling the upgrade for July.
Over $700 million worth of ether is now locked into Ethereum 2.0. That’s roughly 1.1% of the crypto asset’s total circulating supply.
Maximal Extractable Value (MEV) has netted traders and miners some $1.7 million in profit in the last 24 hours alone.
Eight of the nine mining projects answering a survey on EIP 1559 had a negative impression of the proposal, with seven saying they would not implement the change.