Posted 3/6/2024, 10:18:27 AM
Ethereum Hits 10-Month High Ahead of Major Upgrade That Aims to Enhance Scalability and Reduce Fees
- Ethereum price surged over $3,800 on Wednesday, hitting its highest since end of 2021
- Over $116 billion worth of Ethereum now staked, up 9% since start of year
- Anticipation building for Ethereum's upcoming Dencun upgrade on March 13
- Dencun aims to improve scalability and reduce transaction fees
- New upgrade introduces "blobs" to compress data and cut storage costs on Ethereum
