What Are Your Thoughts on Ethereum’s Future After the Dencun Upgrade?

[coingabbarr]

Ethereum has gone through a lot in the last few years — especially with the move to Proof of Stake and now the Dencun upgrade.

With lower gas fees and scalability improvements, I feel Ethereum might regain momentum as a leader in the smart contract space. But it also faces strong competition from other L1s.

What do you all think? Will Ethereum stay dominant in the long run, or will newer chains take the lead?

[KryptoBull]

Ethereum has gone through a lot in the last few years — especially with the move to Proof of Stake and now the Dencun upgrade.

With lower gas fees and scalability improvements, I feel Ethereum might regain momentum as a leader in the smart contract space. But it also faces strong competition from other L1s.

What do you all think? Will Ethereum stay dominant in the long run, or will newer chains take the lead?

Hmm, it seems there might be a slight misunderstanding! The Dencun upgrade went through smoothly and has been a real boost for L2s. However, it did bring about some interesting dynamics, like a decrease in L1 transaction volume and the amount of ETH burned from transaction fees. Now, all eyes are on the Pectra upgrade, which is primarily focused on enhancing the main Eth L1.

There's definitely some chatter about ETH's current value and position in the market this season. Sol and the rapidly growing L2s are really shining and capturing a lot of attention and investment, which has kept the ETH price from reaching a new ATH. I'm optimistic that Pectra will help turn the tide and bring ETH back into the spotlight!

[Stompix]

Nothingburger!
Ethereum has had 100 upgrades and every single time the revolution didn't materialize at all, neither in price nor in adoption.
You hear about how it will be easier to use and how fees will go down meanwhile you have people using doge and ltc to spend.
You hear about is how L2 will get a boost while USDT and USDC movements are slowly turning to Sol and Tron.

They need to stop talking about upgrades and look at what the user want not what Buterrin dreams about each night.