VanEck, StoneX analysts peg Ether price upside at $12K to $22K
The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates.
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The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates.
Users will be able to earn restaking yield from layer-2 tokens on EigenDA.
This marks the first period of Ethereum becoming inflationary in the past year and a half since the Merge took place.
According to the Glassnode weekly insight report, in the first quarter of 2024, there were a number of key developments that have been reshaping Ethereum. These changes have influenced Ethereums technical capabilities as well as its market dynamics and investment activities. One such development during this period was implementing the Dencun upgrade aimed at enhancing […]
The ETH price could reach $5000 in the next few days. Let's take a look at this Ethereum price prediction in more detail.
Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account for over 40% of blob transactions, leading to a significant increase in network activity. This uptick has resulted in a congestion of blob transactions, pushing [...]
The post Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented Blob Contention appeared first on Crypto Breaking News.
The Ethereum core developers behind this campaign claim that the goal of raising the has limit is to reduce transaction fees on L1s.
The Ethereum network recently underwent a major Dencun upgrade. While this promises exciting developments, it also brings potential risks that merit a closer look. According to data from CryptoQuant, one of Dencun’s big impacts is reducing Ethereum’s total token supply. We’re seeing this driven by the incredible amount of network activity and transaction fees getting […]
The highly anticipated launch of the Dencun upgrade for Ethereum finally occurred on March 13. This led to a drop in price by 7% from $4,082 to $3,656 as per CoinMarketCap data. However, during these periods of time, Ethereum was not operating under the same network conditions when it had croosed above $4,000 in late […]
Ethereum (ETH) is poised for a notable improvement with the impending Dencun upgrade to enhance the networks scalability. However, amidst this anticipation, QCP Capital, a seasoned crypto asset trading firm, has shed light on an emerging trend that might influence Ethereums price trajectory. The firms analysis reveals a shift in risk reversals for Ethereum, turning [...]
The post Market Alert: Ethereum Faces Potential Downfall As Dencun Upgrade Looms Heres Why appeared first on Crypto Breaking News.
Ethereum (ETH) has completed a major software upgrade, Dencun, that promises to make utilizing the network ecosystem more cost-effective. This update specifically targets Layer 2 (L2) networks, such as Arbitrum (ARB), Polygon (MATIC), and Coinbases Base, which are interconnected with Ethereum. With Dencun, transaction costs on these networks have significantly decreased, with fees dropping from [...]
The post Dencun Upgrade Officially Deployed On Ethereum Mainnet, ETH Price Holds Steady Below $4,000 appeared first on Crypto Breaking News.
A recent report from QCP revealed that Ethereum’s risk reversals for short-term option expiries have flipped into negative territory. This rather opaque metric actually provides an intriguing window into market sentiment. The risk reversal compares the implied volatility priced into call options versus put options. A negative reading indicates traders see a greater risk of […]
The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is on the horizon, promising to bring significant cost reductions and notable changes to Layer 2 (L2) networks. The update, scheduled for March 13, will introduce a new data storage system known as blobs, reducing congestion on the Ethereum network and driving key new features in various areas. Ethereum Dencun Upgrade As highlighted in a recent Bloomberg report, Dencun aims to reduce the cost of Layer 2 networks such as Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base by enabling previously costly transactions to become significantly cheaper. In particular, transactions that used to cost $1 can now cost as little as one cent, the report notes, while others that used to cost cents can be reduced to a fraction of a cent. This cost reduction is expected to improve the end-user experience greatly and is a significant improvement over previous upgrades such as the September 2022 Merge. Related Reading: Solana Demand Soars As Institutions Buy Up SOL At A Massive 870% Premium One of the most crucial aspects of the Dencun upgrade is the introduction of blobs, a new type of data repository for Layer 2 networks. Currently, Layer 2 blockchains store their data on the Ethereum network, leading to substantial storage costs passed on to applications and users. However, with blobs, Layer 2s will store their data for a significantly shorter period, about 18 days, resulting in lower costs. While this shift sacrifices storing a complete record of all transactions forever, it frees up more space on the Ethereum network for other transactions, reducing congestion. AI-Driven Trading Strategies According to the report, introducing blobs through the Dencun upgrade also paves the way for using artificial intelligence (AI) in various applications. For example, games can incorporate AI-driven non-player characters, enabling advanced gameplay capabilities and a deeper experience. In decentralized finance (DeFi), automated market makers can incorporate “complex trading strategies” driven by AI models. This newfound flexibility and complexity are expected to foster innovation and drive the development of advanced applications in the Ethereum ecosystem. In addition, the Dencun upgrade is expected to reduce the operating costs of Layer 2 chains significantly. Previously, launching and operating a Layer 2 project required considerable venture capital backing. However, Bloomberg reports that with the cost reductions brought about by Dencun, small teams may be able to launch and maintain Layer 2 chains. While the adoption of blobs and the associated cost advantages are expected to drive immediate benefits, it is worth noting that the cost of blobs may increase over time as demand grows. How Could Dencun Boost ETH Price? While the price of ETH has corrected by over 3% in the past 24 hours, resulting in a current trading price of $3,916, the Dencun upgrade holds the potential to have a positive impact on its price. The upgrade aims to significantly reduce costs for Layer 2 networks and enhance the overall user experience, making Ethereum a more appealing platform for decentralized applications (dApps) and other use cases. By lowering transaction fees and improving scalability, Dencun could attract more users and developers to the Ethereum ecosystem, potentially driving up demand for ETH tokens. Related Reading: Expect A Bitcoin Scarcity Crisis In 6 Months, BTC To $100,000? Despite the ongoing correction, it is worth noting that the current price of ETH is not far from its two-year high of $4,084. However, it’s important to consider that the price has formed a double top pattern on the daily time frame for two consecutive days, which may present a near-term hurdle for ETH’s price. The market’s reaction and the ability of ETH to surpass its nearest resistance level remain to be seen. Featured image from Shutterstock, chart from TradingView.com
The Ethereum network is buzzing with anticipation as the Dencun upgrade approaches. Scheduled for March 13, this significant milestone aims to enhance the Ethereum ecosystems scalability and efficiency.
The post Ethereum Dencun Upgrade: Enhancing Scalability and Efficiency appeared first on Crypto Breaking News.
Ethereum’s highly anticipated Dencun hard fork is poised to kick off on March 13, following the finalization of the mainnet launch date during a crucial meeting held on February 8. The meticulous planning has pinpointed the exact moment of the upgrade at 13:55 UTC, coinciding with the blockchain’s attainment of slot 8626176 on March 13. […]
thereum's Dencun mainnet upgrade is set for March 13, 2024, introducing data blobs and protodanksharding to enhance network efficiency and reduce fees. (Read More)
Ethereum Foundation said the highly anticipated Dencun upgrade has been “successfully activated on all testnets” and is scheduled for deployment on the mainnet by Mar. 13 at epoch 269568, according to a Feb. 27 statement. According to the Foundation, the upgrade will usher in significant changes, including introducing ephemeral data blobs with EIP-4844. This is […]
The post Ethereum devs confirm Dencun upgrade’s mainnet deployment, Grayscale calls it ETH’s ‘coming of age’ moment appeared first on CryptoSlate.
Here are the list of projects and tokens that could be impacted by Ethereum's Dencun upgrade.
COTI, the fintech platform for businesses, has been on a wild ride lately. Let's take a look at this COTI price prediction
Ethereum team getting ready for the big Dencun upgrade, this article talks about the top 5 altcoins that could give 50x profit
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