JPMorgan Chase: Ethereum upgrade failed to effectively boost network activity

Odaily Planet Daily News: JPMorgan Chase (JPM) stated in a research report that despite the continuous upgrades of the Ethereum blockchain, its activity has not significantly increased. The bank pointed out that since the Dencun upgrade in March 2024, the average and total fees have decreased. The futures holdings indicate that institutions have played an important role in the recent rise of ETH. Data shows that the daily transaction volume of Ethereum has decreased by about 12%, and the daily active address count has decreased by about 20%. In addition, Ethereum has dropped to 17th place in the weekly revenue ranking of all blockchains and applications. （CoinDesk）