What NOW For ETH?! Post Dencun Impact on Ethereum & L2s!!
🚨 New Video Alert!! 🚨
Dencun is here!
One of Ethereum’s most highly-anticipated upgrades since The Merge took place last Wednesday. Layer 2 rollup solutions can now benefit from much cheaper storage costs, meaning users can now interact whilst enjoying heavily reduced gas fees and faster transaction speeds.
This efficiency supercharge is not only great for the Layer 2 protocols and their users, but also for the long term vision of Ethereum’s scalability.
And yet, despite how bullish Dencun is for Ethereum and its Layer 2 ecosystem, ETH suddenly turned quite bearish on the charts.
That’s why today, we’re going to recap Dencun, look at how it stands to change not only Ethereum, but the crypto market as a whole, and why this upgrade has been somewhat underwhelming.
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Dencun Finalized: https://www.coindesk.com/tech/2024/03/13/ethereum-activates-dencun-upgrade-in-landmark-move-to-reduce-data-fees/
► Ethereum L2 fee impact: https://cointelegraph.com/news/ethereum-l2s-fees-decline-99-post-dencun
► Is This Dip Normal? : https://decrypt.co/221620/ethereum-upgrade-eth-price-effect-dencun
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
