Summary
TLDR: Ethereum price surpassed $3,800, highest since end of 2021, pulled back slightly to $3,796.53. Staked Ethereum hit over $116 billion, 31,320,207 ETH staked. Positive momentum ahead of Dencun upgrade on March 13, expected to reduce transaction costs and increase scalability. Dencun to enable Ethereum to handle over 100,000 transactions per second. Gas fees on layer-2 networks could drop by 75%. Dencun introduces “blobs” to compress transaction data off-chain for cost efficiency. EIP-7044 enables validators to automatically exit position if node falls inactive.
Key Points
1. Ethereum price surged over $3,800, reaching its highest level since the end of 2021.
2. Staked Ethereum surpassed $116 billion, with over 31 million ETH currently staked, valued at over $119 billion.
3. The upcoming Dencun upgrade for Ethereum is expected to introduce proto-danksharding, reducing transaction costs for layer-2 blockchains and enabling the network to handle more than 100,000 transactions per second.