News list for " kun upgrade"

Matrixport: The sharp drop in Ethereum revenue hints at a possible correction in its price

Matrixport said on the X platform that since the Cancun upgrade (Dencun) in March, the revenue of the Ethereum blockchain has fallen sharply. Historical data shows that the price of ETH is closely related to revenue fluctuations, and some analysts even divide annual revenue by Ethereum market capitalization to calculate the yield. The sharp drop in revenue suggests that ETH may face a correction. However, Ethereum revenues have doubled from August to September, suggesting that the worst of the d...

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2024-10-07 07:05:46
Analysis: After Cancun upgrade, ETH burn decreased by 84% compared to before the upgrade, and Ethereum revenue decreased by 69%.

Galaxy Digital released a research report analyzing the impact of blobs on Layer2 and Ethereum during the 150 days of the Cancun upgrade. Key observations include: Ethereum revenue and ETH supply burn were both significantly reduced, with total revenue 69% lower than the average of the 150 days before the upgrade, and ETH burn 84% lower than the average of the 150 days before the upgrade. The profit margin of Layer2 has improved, the profit margin of Optimism type has increased from 22.65% to 92...

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2024-08-22 03:15:09
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