VIRTUALS' price pumped by 3x since April 20th, while its pro | DeFi Warhol on Binance Square

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VIRTUALS' price pumped by 3x since April 20th, while its protocol revenue looks like this.
"Return to fundamentals"
"Completely ignores fundamentals"

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VIRTUAL

2.0524

+44.07%

316

0

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WHAT THE HELL IS PECTRA UPGRADE? If you're still asking this question, this post is for you. Ethereum Pectra explained in absolute noob terms 🧵 ➣ Yesterday's Pectra upgrade was a crucial step in enhancing the network's usability, scalability, and staking efficiency. It introduced 11 Ethereum Improvement Proposals (EIPs). Here's a breakdown of the main ones ↓ ➣ Smart Account Functionality (EIP-7702) Pectra introduces "smart accounts," enabling regular Ethereum wallets to function like smart contracts. This offers: - Paying transaction fees with various tokens: Users can now pay gas fees using tokens other than $ETH, such as stables. - Batching multiple transactions: Multiple actions can be combined into a single transaction, streamlining and speeding up processes. - Improved security: It introduced features like social recovery and session keys. Wallets like @AmbireWallet and @TrustWallet have already started integrating these features. ➣ Increased Validator Staking Limits (EIP-7251) Previously, validators could stake a maximum of 32 $ETH. Pectra raises this limit to 2,048 $ETH. This allows: - Simpler operations for large stakers, such as institutions and large-scale validators, can now manage fewer nodes cause of the larger size. - Auto-compounding of staking rewards that allows earnings to be automatically reinvested. ➣ Improved Scalability (EIP-7691) Pectra improves Ethereum's scalability by increasing the number of data blobs per block. Why it matters: - It facilitates more efficient rollups, leading to faster and cheaper transactions for L2s. - It reduces the gas fees by making the network more accessible to users and developers. IMO, as much as People hate Ethereum, everyone has to admit that Pectra brings lots of new positive triggers and developments for Ethereum and the Ethereum ecosystem. By users, for users ♥️ Hope you enjoyed this post and found some new VALUABLE information. If you wanna support me, I'd appreciate a like, reply, and RT <3

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The first time $BTC hit $100K, $ETH was at $3,900. The seventh (current) time $BTC hit $100k, $ETH is at $2000.

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This chart is just crazy. $DOGE outperfomed $BTC, $ETH, $ADA, and $XRP in the last 5 years. When in doubt, zoom out?

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Ethereum has a big issue: centralization. Not everyone can run their own node; you have to be a whale. This leads us to the risks of validator slashing. @Obol_Collective came up with a fix: Distributed Validator Technology. Here's what you need to know 🧵 ➣ What's @Obol_Collective? The Obol Collective is the largest decentralized operator ecosystem. The technology centers on Distributed Validator Technology (DVT), a groundbreaking innovation allowing multiple independent node operators to manage a single Ethereum validator jointly. ➣ What problems does it solve? - Network resilience: Protect against hardware failures - Risk mitigation: Reduce the risk of validator slashing - Access and decentralization: Enable smaller players to participate in staking - Operational efficiency: Lower infrastructure and coordination overhead ➣ Key Metrics - Obol is the DVT leader, securing almost $1 billion in staked assets - Almost 16,000 unique validators supported - 600+ unique node operators live - 500K+ user signups during testnet campaign ➣ Partnerships If you ever wondered what powers Lido’s decentralization? That's right, it's Obol’s DV middleware. Obol is a trusted partner of @LidoFinance (the largest ETH staker platform). Moreover, it has a strong partnership with @EtherFi, and Obol has been mentioned by @VitalikButerin as essential to Ethereum's roadmap. ➣ Backers Obol has raised $21 million from some of the top names in crypto, such as @cbventures, @PanteraCapital, @Delphi_Digital, etc. By the way, Obol's team is fully doxxed. U.S.-registered team ensures transparency and regulatory clarity. As demand for compliant infra tokens rises, Obol is front-running the demand. ➣ What's Next? After building for years and becoming an essential project for Ethereum's ecosystem, it's time for the next step: $OBOL's time is coming. Be ready for the official announcement on May 15. By the way, $OBOL has already been listed on Bybit and Binance Alpha and I think much more is coming. I'm definitely keeping a close eye on it, don't miss this out. IYKYK.

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This is interesting: @FlareNetworks has seen almost a 2x surge in TVL over the last two days. Also, its stablecoin market cap increased by ~800% over the past week—over $54M USDT0 was minted in just two days. Keep an eye for $FLR these days, I'm seeing great potential here.

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