1 year ago
Ethereum Foundation said the highly anticipated Dencun upgrade has been “successfully activated connected each testnets” and is scheduled for deployment connected the mainnet by Mar. 13 — astatine epoch 269568, according to a Feb. 27 statement.
According to the Foundation, the upgrade volition usher successful important changes, including introducing ephemeral information blobs with EIP-4844. This is besides known arsenic “protodanksharding” and is expected to trim the blockchain’s Layer-2 web transaction fees.
Ethereum ‘coming-of-age’
Grayscale Investments believes the Dencun upgrade represents Ethereum’s “coming-of-age” arsenic it volition drastically amended its competitiveness successful presumption of scalability.
Grayscale described ETH’s mediocre show compared to rival astute contract-enabled networks implicit the past twelvemonth arsenic its “adolescent phase,” arguing that the Dencun upgrade would let the web to grow.
The steadfast emphasized that Dencun would beryllium instrumental successful addressing Ethereum’s humanities challenges of dilatory transaction speeds, debased throughput, and precocious fees portion enhancing its modular plan expansion.
This enhancement could adjacent the spread betwixt ETH Layer-2 solutions similar Optimism and Arbitrum versus Solana and perchance triple these Layer-2s’ operating margins.
Furthermore, Grayscale highlighted however protocols similar EigenLayer could democratize the “security arsenic a service” conception to payment the broader industry.
“EigenLayer accrues worth to Ethereum by diversifying its inferior and reinforcing its presumption arsenic a foundational information furniture for the wider crypto ecosystem,” Grayscale said.
Price surge
During the past month, ETH’s terms has climbed much than 42% to much than $3000, with observers suggesting that the tally was fueled by optimism surrounding a possible spot Ethereum ETF.
However, Grayscale indicated that this terms summation could besides beryllium attributed to the impending Dencun upgrade and the hype generated by its promised improvements.
The steadfast said:
“We judge that caller terms show reflects the market’s anticipation of this upgrade, arsenic Ethereum (up 26% YTD) has outperformed the broader Smart Contract Platforms Sector (up 3% YTD) since Jan. 1.”
The station Ethereum devs corroborate Dencun upgrade’s mainnet deployment, Grayscale calls it ETH’s ‘coming of age’ moment appeared archetypal connected CryptoSlate.
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