jakiro
Source: Koala Finance
Ethereum successfully penetrated $ 4,000 last week, but in fact, this is just the beginning.
Why do you say that?Because if everything goes well, the Ethereum Dencun upgrade will be carried out on March 13th on Wednesday, and Dencun is likely to be the next key detonation point of Ethereum?
What is Dencun?
DENCUN is a synthetic word combined by two words of Cancun and Deneb.CANCUN represents the execution layer upgrade of the Ethereum, and DeneB represents the upgrade of the protocol layer.Therefore, the DENCUN upgrade is a comprehensive name for the Cancun upgrade and Deneb upgrade.
Ethereum founded Vitalik Buterin with six simple stages to outline the future Ethereum 2.0 upgrade route: The Merge, The Surge, The Scourit, The Verge, The Purge, and The Splurge.Each stage revolves around an upgrade of a specific theme and function, and the Dencun upgrade belongs to an important technical upgrade in the Surge stage. The most notable of which is the EIP-4844.EIP-4788, EIP-5656, EIP-6780.
The EIP-4844 in Dencun upgrades will greatly improve the storage efficiency of the Ethereum system and reduce transaction costs. You must know that the high GAS fee has always been the biggest obstacle to the development of Ethereum, and the world’s bitter GAS will take a long time.According to reports, during the peak hours, users have paid more than $ 100 trading fees.According to Etherscan’s data, the average GAS fee of currently dropped transactions is about $ 79.EIP-4844 adopts advanced technology called “BLOB”. This technology will use the PROTO-DANKSHARDING process and use an innovative temporary data storage mechanism on the Ethereum network, which will help reduce the transaction fee of L2 L2 transaction costs.Essence
Not only that, EIP-4844 will also introduce Blob Gas, which is an independent billing system that follows its own pricing rules to account for basic costs.The format of BLOB data is consistent with the format in the future specification specification.This design enables Rollup to effectively alleviate network congestion. At the same time, the separate cost market ensures lower costs, making it more economical than the current CALLDATA storage method.
The $ 4,000 Ethereum has just begunIntersection
If Dencun is upgraded smoothly, it is undoubtedly a good for Ethereum.
According to the data of Coinglass, ETH futures have exceeded US $ 13 billion. As of press time, it is at the highest level since November 2021.
Not only that, the assessment of token historical performance showed that the bull market on November 16, 2021 led investors to buy futures contracts. On the same day, ETH’s futures unprepared contract reached a peak of $ 14 billion.Recently, the rise in ETH value has led to the soaring funding rate of cryptocurrency exchanges, coupled with the increase in unbound contracts. If it is based on this development trend, it is not impossible for ETH to break through the highest price point of $ 4,891.
On the other hand, the number of pledge and verifications on Ethereum chain is also increasing.According to Dune Analytics data, the total pledge volume of the Ethereum letter chain in this article has exceeded 31 million ETH, and the 31,664,744 ETH is touched.History is new.Not only that, since the upgrade of Shanghai, the net inflow of the Ethereum chain has been close to 11.7 million ETH, and the data performance is quite “considerable.”
Summarize
Whether the Dencun upgrade can really stimulate Ethereum and another step, it may still be observed.
Although this upgrade is an important step in the correct direction, some members of the community believe that Dencun is just a short -term patch, and Ethereum requires a sustainable long -term solution, because the focus of this upgrade is to make the data make the data from the data.Storage is more efficient, which is undoubtedly beneficial, but the long -term problem facing Ethereum network is capacity. The focus of future development must be to expand the network capacity to support increasing the number of transactions that are being executed.From this perspective, multi -chain solutions may be easier to achieve this goal.
In addition, according to GlassNode’s data (as shown above), from the 7 -day mobile average observation, the number of verifications from the Ethereum network has increased by 42%in the past two weeks, which has led to a brief decline in network participation.According to GlassNode data, as of writing this article, the participation rate of the POS network is 99.46%at a two -week low. These problems may also require developers and the entire community to solve.
Of course, in general, the Dencun upgrade is a huge evolution of Ethereum, which solves the problem of direct and long -term scalability, security and efficiency. At the same time, in the environment of the bull marketLet us wait and see!
