#ETH# ETH Prague Upgrade: Technical dividends struggle against the sell pressure curse
1. Upgrade Highlights and Market Indifference On May 7th at 18:05, Ethereum completed the Prague hard fork upgrade, with the main improvements including: Rollup performance improved by 40%, Gas fees reduced to $0.01; introducing EIP-3074 to implement social recovery wallets; Optimize cross-chain communication protocols. The market generally believes that the Layer 2 sector is highly competitive, and technological upgrades are difficult to translate into token value. 2. Ecological Predicament: Developer Exodus, Application Stagnation Number of developers: The monthly active developers on Ethereum decreased by 12% month-on-month, while Solana surpassed to become the most active public chain. Application scenario: DeFi TVL has fallen below 50 billion USD, and NFT trading volume has shrunk to 23% of its peak in 2024; Institutional withdrawal: Asset management giants such as BlackRock and Fidelity have seen their ETH holdings drop to a two-year low. Analysts warn: The ETH/BTC exchange rate has dropped to 0.02193 (a five-year low), and if it falls below 0.02, it will trigger a large-scale liquidation.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
32 Likes
Reward
32
13
Share
Comment
0/400
SOCIOLOGIST
· 27m ago
Thank you very much for your valuable information dear Ryak… ☘️🦋💜🦋☘️☕️☕️
Reply0
Ybaser
· 5h ago
Just go for it💪
Reply0
Discovery
· 11h ago
thank you for the good information and sharing 👍🌸
Reply0
Szero
· 13h ago
thank you so much 😊
Reply0
KatyPaty
· 14h ago
HODL Tight 💪
Reply0
IAmJoy
· 15h ago
TRUMP Token remains at $10.99, the chart shows a potential pump to $70.
Reply0
ShizukaKazu
· 15h ago
Hold on tight, we are about to To da moon 🛫Hold on tight, we are about to To da moon 🛫Hold on tight, we are about to To da moon 🛫Hold on tight, we are about to To da moon 🛫
#ETH# ETH Prague Upgrade: Technical dividends struggle against the sell pressure curse
1. Upgrade Highlights and Market Indifference On May 7th at 18:05, Ethereum completed the Prague hard fork upgrade, with the main improvements including:
Rollup performance improved by 40%, Gas fees reduced to $0.01; introducing EIP-3074 to implement social recovery wallets;
Optimize cross-chain communication protocols.
The market generally believes that the Layer 2 sector is highly competitive, and technological upgrades are difficult to translate into token value.
2. Ecological Predicament: Developer Exodus, Application Stagnation
Number of developers: The monthly active developers on Ethereum decreased by 12% month-on-month, while Solana surpassed to become the most active public chain.
Application scenario: DeFi TVL has fallen below 50 billion USD, and NFT trading volume has shrunk to 23% of its peak in 2024;
Institutional withdrawal: Asset management giants such as BlackRock and Fidelity have seen their ETH holdings drop to a two-year low.
Analysts warn: The ETH/BTC exchange rate has dropped to 0.02193 (a five-year low), and if it falls below 0.02, it will trigger a large-scale liquidation.