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JUST IN: JPMorgan reports Ethereum’s major upgrades have not boosted network activity. 📉
🔧 The Merge (Sep 2022): Shifted to Proof-of-Stake — reduced energy use ✅
🧊 Shanghai Upgrade (Apr 2023): Enabled staked ETH withdrawals ✅
🌐 Dencun Upgrade (Mar 2024): Introduced proto-danksharding to cut L2 fees ✅
📊 Result? Network activity remains subdued. JPMorgan says there's “no meaningful increase in user engagement or transactions.”
Is scalability enough without actual demand? 🤔
#Ethereum JPMorgan #Crypto Web3 #BlockchainNews