We collected 14,626 responses during the course of the survey. The main takeaways from the survey are listed below.
Quick Take Away:
- Majority of the respondents owned ETH (62%).
- Majority of the respondents had heard of ETH 2.0 (72%).
- Among those who have heard of ETH 2.0, two special questions were designed to test their ETH knowledge. The ratio for correct answers were 56% and 41% respectively.
- Overall speaking, the respondents were more in favor of proof-of-stake than proof-of-work (48% vs 10%).
- The price prediction for ETH 2.0 was quite pessimistic. The average predicted price was $248, which was only 8% higher than the ETH price at the time of survey release (~$230).
- 61% respondents indicated that they would convert their ETH to ETH 2.0, of which 35% said that they would convert 100% of their holdings.
- Respondents were not sure why they didn’t want to convert ETH to ETH 2.0 (31%). It might because of their lack of full understanding on the issue, so they preferred to play safe.
- For those who might convert their ETH to ETH 2.0, stated that they do so for financial incentives – to earn staking income (44%) and potential price appreciation (44%).
- A majority of the respondents (41%) used ETH to HODL. 23% of the respondents used it to facilitate the use of other ERC-20 tokens, and 21% used it for trading. While DeFi saw a rising popularity in the recent months, only 18% of respondents mentioned that as one of the uses of their ETH holdings.
Read the full PDF version of the ETH 2.0 Survey here.