Ethereum 10th Anniversary: Key Upgrades & $21B ETH ETF Inflows
Ethereum don mark 10 years since di July 2015 genesis block launch, wit ETH price sharp rise from $0.40 reach $3,800 plus market cap reach $460 billion. Over di last ten years, Ethereum dey pioneer DeFi and NFTs, TVL don grow pass $85 billion. Key protocol upgrades include The Merge (Sept 2022) wey change protocol go proof-of-stake, Shanghai/Capella (2023) which allow make una withdraw staked ETH, plus Dencun (proto-danksharding) wey reduce Layer 2 transaction fees. EIP-4844 come boost scalability even more. Institutional demand increase well well: spot Ethereum ETFs wey dem approve for July 2024 dey hold more than $21 billion in assets, while treasury companies control about 2% of ETH supply. Layer 2 rollups like Arbitrum and Optimism dey still attract users wit airdrop and liquid staking incentives. Looking forward, ongoing protocol upgrades plus increasing ETF inflows go help network scalability and long-term price growth. Traders suppose dey monitor upgrade timelines and institutional flows as important signs for ETH momentum.
Bullish
Ethereum milestone dey highlight one decade of protocol innovation and big ETF-led capital inflows. The Merge, Shanghai/Capella plus Dencun upgrades don make network efficiency and scalability strong, fix past congestion wahala. Spot ETH ETFs wey don gather over $21 billion plus treasury firms wey dey hold 2% supply mean say institutional demand dey record high. Together with expanding Layer 2 ecosystems, these factors show say demand-supply dynamics dey positive. Short term, ETF inflows fit make liquidity increase and prices spike, long-term scalability improvements go support steady growth, all these show bullish outlook for ETH.