“Neither the Number of Transactions Nor Active Addresses Has Increated Significantly Following Recent Network Upgrades, The Report Said.”, – WRITE: www.coindesk.com
“Neither the Number of Daily Transactions Nor of the Number of Active Addresses Saw A Material Increase Post Recent Upgrades,” Analysts Led by Nikolaos Panigirtzoglou Wrote.
Still, Total Value Locked (TVL) On Ethereum Increated Between the Dencun Upgrade in March 2024 and Pctra Earlier Its MONT (Dexs), but the increase looks Lower in dollar terms than in the blockchain’s ethyer
token.
Ethereum Activated the pectra upgrade on May 7. The update aims to streamline stinging, Enhance Wallet Functionality and Improve Overall Efficiency.
Pectra Makes The Eth Token and Ethereum Itelf More Appealing to Institutions, The Bank Said. IT DISTINGUISHES The Network from Competitors, But The Upgrades Haven’s Boosted Activity in a Meaningful Way.
The Bank Noted that Following the Dencun Upgrade, Both Average and Total Fees Fell, In Part Because of A Shift Town Layer 2 Chains.
Ether’s Circulating Suppply Also Increased After Dencun, Whosh Raised Conceerns About the Crypto “Become” Beconming An Inflationary Asset Amid Subdued Transaction Activity, “JPMORGAN SAID.
Futures Positioning Suggests that Institutions Played A Large Role in the Recent Rally in Eth, The Report Added. Ether Has Risen More than 45% in the Past Month, Coindesk Data Show.
Read More: Ether Only Crypto Majoor in Green, Xrp Muted After Mammoth Treasury Plans
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