📰 Ethereum Records Activity Surge: Investor Optimism Rises Ahead of EIP-7706 Launch
Etherium has once again stolen the market’s attention after its network activity increased drastically in the past 48 hours. This surge occurred ahead of the implementation of the latest proposal, EIP-7706, which promises higher efficiency in gas usage for complex Layer-2-based transactions.
According to data from Etherscan and Glassnode, the daily number of Ethereum transactions reached 1.86 million, the highest since early March. This increase was also accompanied by an increase in DEX volume and a surge in validator staking, indicating medium-term optimism from institutional investors.
🔍 What is EIP-7706?
This proposal introduces a more adaptive gas pricing scheme for multi-layer smart contracts. This innovation is expected to:
Reduce Layer-2 transaction fees by up to 40%,
Increase throughput by up to 15%, and
Pave the way for real-time rollup integration.
📈 Impact on ETH Price
Along with the positive sentiment, ETH price has risen +6.4% in the past week, breaking through the psychological level of $3,600 again. Some analysts predict the potential for further rally if the implementation goes smoothly on the mainnet in mid-July.
💬 Community Comments
"EIP-7706 could be the next big catalyst after Dencun. Layer-2 will become more efficient, and that means Ethereum will become more dominant."
— @EthLayerBuild, L2 ecosystem developer
🚨 Stay Alert
Although the medium-term outlook looks bullish, investors are still advised to pay attention to market volatility and follow the latest technical developments from the Ethereum Foundation.
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