The anticipation surrounding the Dencun upgrade has undoubtedly contributed to the recent bullish sentiment in the Ethereum market.
EigenLayer has attracted notable Ethereum investors and Web3 users due to its reputable reward programs.
As the bitcoin price teases a move above $60,000, investors epculate new all-time highs before halving. Ethereum joins the party ahead of the Dencun upgrade in March.
The Ethereum Dencun upgrade is meant to further reduce layer two gas fees to make Web3 mass adoption a reality amid heightened L1 competition.
The recent spurt of institutional interest in Ethereum comes as the network proceeds to a major Dencun upgrade scheduled for mid-March.
An analyst from Grayscale argued that the crypto market is anticipating Ethereum’s transaction throughput and cost reduction through the Dencun upgrade more, making it more competitive with other layer-1 blockchains.
Amid the broader cryptocurrency market rally, Ethereum’s ascent past $3,000 serves as a testament to Etherum’s enduring relevance and potential for innovation.
Galaxy Digital’s decision to move substantial amounts of Ethereum echoes a similar sentiment to its previous stance on the cryptocurrency, particularly evident in actions taken last year.
In addition to ETF anticipation, the crypto community eagerly awaits Ethereum’s Dencun upgrade that is scheduled for March 13.
It’s not the first time Vitalik Buterin has shared his opinions on how AI could impact crypto.
Vitalik Buterin describes Verkle trees as a critical step towards achieving stateless Ethereum clients, which do not require storing the entire state database to validate incoming blocks.
As per Coin Metrics researchers, the 51% attacks on Bitcoin could cost anywhere $20 billion, and huge mining machinery, which makes it practically impossible.
The anticipation of a potential Ethereum ETF approval in the US has been a major catalyst behind the recent bullish sentiment surrounding ETH.
While the Ethereum staking activity has seen some boost in recent times, the staked Ether’s annualized yield remains stagnant even below the 10-year US Treasury note yields.
ERC-404 market slumps amidst reported impact on Ethereum gas prices.