Tomorrow Ethereum is going to make a big move, the Prague upgrade is finally going live on the mainnet. The market has actually digested this news quite a bit already; when the upgrade encountered bugs back in March, the price of Ethereum dropped to as low as $1380. Although it has been delayed for so long, it has finally been confirmed this time.

The most direct impact of this upgrade is that transfer speeds will be a bit faster, but still not comparable to the SOL chain. The reason is simple: SOL's validation nodes are more centralized, while Ethereum insists on a decentralized path. There's also an interesting change coming; in the future, on-chain transaction fees can not only be paid in ETH but also in stablecoins like USDC or DAI. Whether this change will lead more people to hoard ETH or sell ETH is a matter of differing opinions.

For large holders, there’s a benefit: previously, staking ETH was capped at 32 per transaction, but now they can stake up to 2048 at once. No need to juggle a bunch of accounts; just sit back and earn rewards. Transaction fees are going to drop again, which is not great news for second-layer networks like Arbitrum; just look at their recent struggles to understand.

From these upgrade details, it’s clear that Vitalik does not care about money. He is going through all this effort for one goal: to create a truly decentralized financial network. As for whether Ethereum’s price will rise or fall, he hasn’t really placed much importance on that.

The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like + leave a comment, let's navigate the bull market together and seize this major opportunity.