Kasper Luyckx’s Post

Exciting news for the Ethereum ecosystem! The new #EIP-7781 proposal aims to significantly boost #Ethereum’s performance by reducing block creation times from 12 to 8 seconds, increasing overall throughput by 50%. This improvement could enhance decentralized exchanges like #Uniswap, lowering costs and improving efficiency by up to 22%. While this will drive faster transactions and improved user experiences, it could also increase hardware requirements for validators. If approved, this upgrade will be a major step forward for Ethereum’s scalability and efficiency. ref: https://lnkd.in/eS87bi-R

Current tailwinds for ETH: 1. Coinbase pushing its users (over 100 million verified users) onchain to Ethereum via Base L2. 2. The Ethereum Foundation continues to execute (The Merge, Shanghai upgrade, EIP4844, etc). The network is scaling in a modular format. 3. Network Effects. ETH dominates in terms of developers, developer tooling, standardization, liquidity, value locked, users (120 million non-zero wallets), fees. 4. Token Economics. Ethereum "burns" (buybacks) approximately 80% of user transactions — which can offset new issuance/consensus rewards paid to validators. The token had annualized deflation of -.38% in Q1. 5. Yield. Ethereum offers a real yield driven by it's usage (user fees) + network consensus rewards (offset by "buybacks") 6. Security & Decentralization. Per a recent study by Coin Metrics, it would be more costly to attack Ethereum than Bitcoin (though both would be impossible to attack). 7. ETH is generally uncorrelated to US equities. 8. Applications. Today there are over 7,300 apps building on Ethereum. 9. Capital Efficiency. There is more ETH onchain today (providing services, liquidity, used as collateral, etc) than at any point in the networks history. 10. The supply of ETH held on exchanges is currently at its lowest point since 2016. ---- I created The Ethereum Investment Framework to help you get up to speed as fast as possible, in a non-technical, data-driven, easy-to-follow format. It includes details on all of the above plus price targets across multiple valuation methodologies and is powered by data from Artemis. If you'd like to download a free copy, see the link in the first comment. cc: ETC Group

Over the past year, a new primitive has taken the Ethereum ecosystem by storm: restaking. Restaking on platforms like Eigenlayer enables crypto infrastructure such as data availability layers, oracles, and DeFi apps to leverage the value of staked Eth for their economic security in exchange for protocol fees and rewards, giving additional utility to the world’s second-biggest digital asset. However, locked ETH is illiquid, limiting the utility of staking or restaking because stakers cannot quickly enter and exit positions or leverage their stake as collateral in DeFi protocols. Following EigenLayer’s rapid growth, many liquid restaking token protocols have emerged to offer a solution, totalling over $5.4bn in TVL at the time of writing. But for our Digital Asset team, one stood out - ether.fi With over $2.7bn in Eth of TVL, ether.fi has the largest adoption rate and TVL growth of any liquid staking token. Read more about why we invested in the exceptional team and the product they're building in our latest piece by Sep Alavi, Marthe Naudts, and Robin De Baets. #restaking #ethereum

How much do you know about Ethereum's Dencun upgrade? Discover how Proto-Danksharding is transforming DeFi with faster transactions and lower fees! #Ethereum #DencunUpgrade #Danksharding https://lnkd.in/gvg-KbGG

[Sharing good content] The Overview of ETH-Beta After Ethereum Spot ETFs Approval 📌 ETH DeFi: • $MKR - MakerDAO • $AAVE - AAVE(crypto deposits hit 2-year high at $13B) • $FXS - Frax Finance (Frax chain, Frax's ETH liquid staking and restaking is widely utilized on multi-chain DeFi ecosystem) • $ENA - Ethena Labs (Big beneficiary from ETH rally as $USDe yields from $ETH positive funding rate) 📌 ETH Staking/Liquid Staking/Restaking: • $LDO - Lido (the biggest Ethereum liquid staking protocol) • $PENDLE - Pendle (all-narrative-in-one protocol, the best fixed on ETH LRTs/LSTs) • $ETHFI - ether.fi (the biggest Ethereum liquid restaking, airdrop narrative) • $ALT - AltLayer (Restaked Rollups -RaaS) • $SSV - ssv.network (the only liquid DVT) • $REZ - Renzo Protocol (newly launched restaking protocol) • $RPL - Rocket Pool (2nd largest ETH LST) $EIGEN should be on this list once it's transferable. 📌 ETH Layer 2 blockchains: • $ARB - The Arbitrum Foundation (the biggest ETH L2, unique addresses on Arbitrum One hit new ATH at 24M) • $OP - Optimism Foundation (OP Superchain fuels other ETH L2s. The Superchain has seen 4m+ daily transactions) • $MNT - Mantle (L2 with a thriving DeFi ecosystem, good sentiment around $mETH) • $STRK - Starknet Foundation (growing strongly after airdrop, huge incentives for builders, the most yielding liquid money programs. DeFi ecosystem on Starknet is underrated.) • $METIS and $MANTA: both are pushing hard on adoption through community incentives. Upcoming big airdrops: • $BLAST - Blast L2 (impressive on-chain stats: $3.2B in TVL, $1.8B deposits into Blast Dapps, making Blast the 2nd largest L2 and 5th largest chain globally by Dapp usage) • $ZKS - zkSync (the most long-awaited airdrop) 📌 Ethereum Classics: • $ENS - (the most widely used Ethereum Name Service, and domains) • Ethereum forks: $ETC and $ETHW 📌 Ethereum Meme coins: • $PEPE - the strongest meme coin community, $PEPE keeps outperforming the market • $LADYS - meme coin of Milady NFT • $DOGE - King of meme coin --------------- Why are we not bullish enough on ETH? - $ETH has been lagging behind $BTC for nearly two years. Until recently, the ETH/BTC was near rock bottom. - The speculation on ETH Spot ETFs has switched from a 10% likelihood to a 75% chance overnight. ETH Futures ETF trading volume reached $47.75M, up 40% from the previous high of $34.18M. - 27% of the total ETH supply is staked in smart contracts. As of this writing, 31.5M ETH have been staked with over 1M validators. Restaking, point narratives are burning $ETH every day, leading to a supply crunch if there is a floodgate of demand for $ETH after ETH Spot ETFs. - The House passed the FIT21 bill today, signaling a massive shift in crypto policy and politics around crypto for the better. --------------- Source: https://lnkd.in/gYfTFtuv

Check out this research conducted by CoinShares on the anatomy of Ethereum usage and rationale of its investment strategy. Ethereum's usage has changed and advanced considerably since its inception, with utility deliverables and token transfers/transactions dominating the blockchain. #ETH & #USDT remain the most significant tokens in terms of transaction fees and scaling solutions such as L2's have helped support the wide variety of applications and use-cases to lower fees. The platform's future value will rely upon fostering sustainable, long-term infrastructure which its last major upgrade, #Pectra in late 2024, is looking to solidify. Read more about Pectra here: https://lnkd.in/gpnQRw-Y Crypto.com

Happy #Dencun Day! The #Ethereum Dencun Upgrade is only a few hours away, with it comes Proto-Danksharding, but what is it?   Proto-Danksharding is the most anticipated feature of the Deneb-Cancun (Dencun) Ethereum hard fork, which is scheduled for today at 14:55 CET.   The immediate benefits of Proto-Danksharding:   📌 Reduced transaction fees for Ethereum rollups, improving scalability without losing in security or decentralization.   📌 Consistent transaction fees: Proto-Danksharding decouples the resources dedicated to layer 1 smart contracts from the ones dedicated to rollups.   Read more on the Dencun Upgrade and Proto-Danksharding here  https://lnkd.in/duqr3RdW   #BitcoinSuisse #DencunUpgrade #Ethereum

Bybit Web3 Unveils Comprehensive Guide to Navigating the Crypto Wallet Landscape

Bybit Web3 Unveils Comprehensive Guide to Navigating the Crypto Wallet Landscape

The Ethereum Dencun Upgrade was successful on many fronts and the layer 2’s are exploding higher. A more efficient data storage, reduced gas fees, and increased speed of exectution has driven an additional 2 million daily transactions on Coinbase’s Base network. #AltfundManagement #Crypto #Dencun #Ethereum #investing