ResearchMerge Mania

Merge Mania

Sep 20, 2022

Titan’s Takeaway: Ethereum’s Merge was a transformative upgrade to the digital asset ecosystem enabling further scalability upgrades that were impossible under the old model. For crypto more broadly, the Merge was a resounding success, completed without a hitch and a major bright spot for the young asset class.

Last week, right around 2 am on September 15th, Ethereum completed the widely-anticipated Merge. The Merge transitioned Ethereum off its energy-intensive proof of work process to a more sustainable proof of stake technology. The new proof-of-stake consensus mechanism should decrease energy consumption by 99.5%. For perspective, Bitcoin and Ethereum used more energy than Sweden or Argentina before the Merge. Now, it’s as if Finland just shut off its power grid. 

In our eyes, completing the Merge is one of the most significant events in the history of the young asset class and a major bright spot amidst the bearish headlines. 

Transformative changes to the core technology will enable the ecosystem to undergo further scalability upgrades that were impossible under the proof-of-work model. For Ethereum, the Merge represents a foundational moment allowing them to continue to innovate on top of a now more flexible ecosystem. Even Vitalik Buterin remarked that Ethereum “ is only 55% complete in his long-term vision.”

The investor implications of the Merge are just as broad, with the transition likely to drum up investor confidence and interest in the more energy-efficient process, plus the newfound ability for users to stake their ETH and earn yield on it. While many expected substantial price action movement due to the Merge, we expected a muted response considering anticipation for the event was already banked into its valuation. 

Now that the Merge is over, there are several other crypto catalysts that we plan on monitoring over the next several months:

For one, we are excited to see what will be unveiled for ATOM 2.0 at Cosmoverse on September 28th. Second, multiple Zero-Knowledge rollups, a new wave of Layer 2 tech, are coming to Ethereum and we are enthusiastic to see their impact to the Ethereum and wider crypto ecosystem as they start to come online in Q4 or early next year. Another thing to keep an eye on is when and how will Chainlink launch its long-awaited staking and how will its cross-chain interoperability protocol take shape.

There are a lot of things to be excited about in crypto land but for now, Ethereum’s Merge proves that we are still in the early innings of this asset class and that upgrades, big and small,  across the crypto landscape are necessary for institutional adoption. Ethereum’s Merge may have been a prove-it-movement for the entire industry. The momentous event was completed without a hitch; for us, a resounding success in the efficacy of the upgrade. And perhaps, in the world of crypto, no news is good news.

Cash Management

Smart Cash

Smart Cash FAQs

Cash Options

Get Smart Cash


© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.

Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at 508 LaGuardia Place NY, NY 10012.