📊 Ethereum updates did not cause a surge in activity - JPMorgan
* Neither the number of transactions nor the number of active addresses increased after Dencun and Pectra updates.
* Commissions in the network decreased - some users went to Layer 2.
* TVL in $ETH grew, but in dollar terms - weaker than expected.
* ETH supply increased after Dencun - there were concerns about inflation.
* Pectra update improves staking and wallets, makes the network more attractive to institutional users, but does not increase activity.
