Ethereum Cancun Upgrade

The Cancun upgrade of ETH has been discussed many times. The high-profile Cancun upgrade did not bring much price fluctuations to ETH.

I thought about the reasons carefully. In fact, the most important thing is that BTC ETF has long-term blood sucking and siphon effect. The passage of ETF has made big funds more concentrated.

In investment (speculation), what matters is not the past or the present, but the future.

Today we will talk in depth about the impact of the Cancun upgrade.

Sectors that are good for Cancun’s upgrade:

Ethereum L2 layer: op, arb, strk, manta, metis are projects that have issued coins. Of course, there are also some projects that do not issue coins, such as the zk series. L2 will also be a key track for airdrops.

Storage sector: After the upgrade, L2 needs to find other ways to store historical transaction data.

LSD and the re-pledge track: eigenlayer, renzo, eigenpie. (These three unissued coins)

The blood-sucking effect of the big pie has been strengthened, and the market has actually started in advance. In previous years, the big market trend would only occur after the pie was halved, but now it is happening ahead of schedule. There is a great possibility that the main force will remain at a high level before it is halved again. Later, after ETH applies for ETF, the market rotation will occur again.

Previously, the Ethereum ecosystem has been criticized by the market for its high handling fees. After this upgrade, how much will the handling fees be reduced?

The upgrade of Ether is another negative for other public chains. In the past, there would be Ethereum killers every year, and there would be public chains that were very similar to Ethereum. After a few years, the ecosystem on the Ethereum chain has become more and more prosperous.

It is foreseeable that the market share of those public chains will further shrink. As I said, you are still the uncle.