“Ethereum is the most-used blockchain and powers Ether, the second-largest cryptocurrency, with a $202 billion market cap. Ethereum also hosts numerous decentralized applications (dApps), decentralized finance (DeFi) protocols and establishes the authenticity of millions of non-fungible tokens (NFTs).
This means the outcome of the merge will affect not just the Ethereum blockchain, but a wide constellation of products and services that rely upon it. And given Ethereum’s size and influence, the fate of the merge is likely to have a ripple effect on the broader crypto industry.”