#Matic is one of the #Altcoins that recently managed a major long-term chart breakout.

A conservative valuation of >120 Bn seems achievable.

$MATIC #layer2 #dencun

(twitter: CryptoPresident)

[Overview of important overnight developments on October 7]

21:00-7:00 Keywords: BASE, TON, Vitalik, Dencun upgrade

1. The total market value of cryptocurrencies fell to $2.25 trillion;

2. The current locked amount of the BASE network is about $2.28 billion;

3. In the past 24 hours, 3409.50 BTC have flowed out of the exchange wallet;

4. The TON network currently has more than 680 million TONs pledged;

5. IntoTheBlock: After the Dencun upgrade, the Ethereum mainnet fee hit a record low, and ETH turned to inflation;

6. The US Bitcoin spot ETF has a cumulative net inflow of $18.53 billion.

#base #TON生态 #vitalik #dencun

Dencun Update - Ethereum Transaction Scalability and Efficiency - 🚀🌍

The Ethereum community rejoices as the highly anticipated Dencun upgrade was successfully deployed to the Ethereum mainnet at 1:55 pm UTC on March 13. 📆

This important milestone therefore marks a crucial moment in Ethereum's journey towards greater scalability and efficiency. ✅

Dencun, hailed as the most anticipated hard fork since The Merge, is set to revolutionize the Ethereum transaction landscape by substantially reducing transaction fees on layer 2 networks. 👏🏻

The launch of Dencun comes almost a year after the groundbreaking Shanghai upgrade in April 2023, which allowed network participants to stop staking their Ether for the first time after Merge transitioned to a proof-of-network. of-stake. 🤔

One of the most notable features introduced through Dencun is the addition of data blobs through EIP-4844, also known as proto-danksharding. This innovation promises to improve the efficiency and scalability of the network, further cementing the network's position as a leading blockchain platform. 💪🏻

In the short term, users looking to take advantage of the benefits of reduced transaction fees may need to compromise some of the decentralization and security by transacting on Layer 2 solutions rather than Ethereum directly. ✍🏻

Finally, with the successful implementation of the Dencún upgrade, Ethereum reaffirms its commitment to innovation and scalability, laying the foundation for a more efficient and accessible decentralized future. 🧮

As the ecosystem evolves, Ethereum remains at the forefront, driving progress and empowering developers and users around the world. 🔥🔥🔥

"You make me..." 🎶
Joaquim Matinero Tor

#dencun #ethereum #ETH $ETH $BTC #Bitcoin #BTC

Dencun Update to Be Deployed to Ethereum Mainnet on Wednesday

The long-awaited Dencun upgrade is scheduled to deploy to the Ethereum mainnet on Wednesday (in blockchain slot 8626176 to be precise).

Dencun introduces a series of EIPs (Ethereum Improvement Proposals) and marks the beginning of 'The Surge' era on Ethereum, aimed at increasing the scalability, security and efficiency of the network. The update is also intended to significantly reduce transaction fees (gas) on Layer 2 networks within the Ethereum ecosystem through EIP 4844 Proto-Danksharding.

Ethereum will be a crypto to watch in the coming months. Dencun could bring an increase in the usage of the Ethereum (and layer 2) networks, which in turn could be positive for the prices of ethereum and layer 2 cryptoassets.

Ethereum is currently trading at $3,994 according to Yahoo Finance, the highest price since December 2021, 22% from the all-time high of $4,870.

#Ethereum #ETH $ETH $BTC $BNB #dencun

Kudos to the Ethereum community for the recent Dencun upgrade, featuring Proto-Danksharding. Following the update, gas costs for posting Chainlink oracle reports on L2 rollups like Arbitrum, Base, and Optimism plummeted by as much as 99%.

#HotTrends #chainlink #link #dencun #Ethereum✅ $LINK $ETH

#Matic are you ready? 🚀🚀

1w #dencun #MATIC #Layer2

$MATIC $ETH

🔥Ethereum is inflationary again after the Merger.

Apparently the latest Ethereum update called Dencun has made #ETH inflationary again, moving away from the concept of “ultrasonic money,” say analysts at data firm Cryptoquant.

According to a report released on Wednesday by Cryptoquant, this fact occurs due to the decrease in transaction fees on the network of #Ethereum✅ , caused by the update #dencun . Since less #Ether are now burned, it cannot decrease the total supply of Ether to keep it deflationary.

Ether went into a deflationary state for the first time after the Merger on September 15, 2022, introducing a mechanism that permanently burned transaction fees on the network, decreasing the supply of Ether. While Dencun meant a decrease in transaction fees for layer 2.

At this rate, Ether may not return to its deflationary state again, unless greater activity is generated in Ethereum so that there is more Ether burned by transaction fees and the supply can decrease.

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$ETH

#ETH #dencun #meme
meme craze

⚡️After withdrawing 5k price margin with 3k price range, btc is recovering as dencun eth is approaching. My prediction is that btc vs eth will increase steadily until the denunciation event takes place.
🔥Btc will have a new ath at around 75k3 to 78k3 price.

🔥Eth also increased but did not break the old peak but only hovered around 4k5 to 4k8 in price.

Let's wait and discuss about the denunciation wave and the upcoming altcoin path, everyone. 🌟

$BTC $ETH

#dencun

After the Ethereum Dencun upgrade this week, EIP-4844 will reduce L2 gas fees.

According to IntoTheBlock statistics, for a DEX swap, the gas fee for #Aribitrum will be reduced from $2.02 to $0.4, #Optimism will be reduced from $1.42 to $0.28, #Base will be reduced from $0.58 to $0.01.

#Ethupgrade #dencun

The Starknet Foundation is launching optimizations alongside Ethereum's Dencun update to reduce transaction fees on its layer 2 network.

Starknet version 0.13.1 has been released and will use EIP-4844 when Dencun launches tomorrow. This update will allow you to switch from using the expensive "calldata" method to the economical "blobs" transaction type, resulting in lower fees. Blob transactions, also known as EIP-4844, will launch on the Ethereum mainnet along with the Dencun update.

This update will increase data availability without impacting the existing Ethereum infrastructure, resulting in cheaper transactions through layer 2 rollovers such as Starknet. In addition, the Starknet Foundation plans to improve the shared proof infrastructure (SHARP) by increasing the size of "trains" - batches of proofs that are collectively verified on Ethereum.

These optimizations are aimed at significantly reducing transaction fees and increasing the scalability of the Starknet network. #HotTrends #starknet #dencun

Ethereum (ETH) Back in Inflation Over the Past 73 Days

The Dencun upgrade is being pointed to as the main reason Ethereum has sunk back into inflation following The Merge in 2022.

More than $1.1 billion in ETH has been burned since The Merge. Source: ultrasound.money

#ETH #dencun #analysisreport

🔥The new Dencun update arrives on Ethereum.

Today the new update #dencun was deployed on the main network of #Ethereum , one of the most anticipated updates by the community. One of the most important features is the reduction of transaction fees for layer 2.

With this update, it is expected to improve Ethereum through greater optimization in data availability without affecting the current infrastructure. This is why transaction costs would be reduced at layer 2 such as Base, optimism, Arbitrum one, Zksync, #starknet , among others.

At the moment it is known that the new update also called EIP-4844 will reach each layer 2 differently and at different times. Meanwhile, the price of Ether is at $3,985, after reaching $4,000 on March 11.

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$ETH