JUST IN: JPMorgan reports Ethereum’s major upgrades have not boosted network activity. 📉

🔧 The Merge (Sep 2022): Shifted to Proof-of-Stake — reduced energy use ✅

🧊 Shanghai Upgrade (Apr 2023): Enabled staked ETH withdrawals ✅

🌐 Dencun Upgrade (Mar 2024): Introduced proto-danksharding to cut L2 fees ✅

📊 Result? Network activity remains subdued. JPMorgan says there's “no meaningful increase in user engagement or transactions.”

Is scalability enough without actual demand? 🤔

#Ethereum #JPMorgan #Crypto #Web3 #BlockchainNews $ETH