Ethereum’s Situation
“The Ethereum Foundation’s current approach tends to be about pursuing the best, not just good enough.”

“The Ethereum Foundation’s current approach tends to be about pursuing the best, not just good enough.”
At Uphold Institutional, we do have a lot of clients with large investments in Ethereum, so I’m currently being inundated with questions about the future of this original smart contract network, especially in the face of strong competition from Solana and other L1 chains.
My conclusion is: OK, to sum up, the industry has a promising future, but it will take time to explode.
As of August 5, 2024, the Ethereum network has destroyed a total of 465,657 ETH since the beginning of the year. After the implementation of EIP-1559 in June 2021, a total of 4.36 million ETH were destroyed.
ETH,Gas,As Ethereum prices rise, Gas fees are falling sharply. Why? Golden Finance,Has Ethereum become too efficient?
The accumulation of XRP whales and cooling of inflation in the United States are the primary catalysts for the continued recovery in cryptocurrency prices.
The selling sentiment following the latest Bitcoin halving has been particularly favorable for undervalued XRP.
Bitcoin surged to $64,267, marking a new yearly high, fueled by institutional interest and ETF approvals. Ethereum followed suit, surpassing $3,500 amid optimism surrounding DeFi and Ethereum 2.0. Increased trading volume and institutional interest further bolstered market sentiment, impacting altcoins as well.