#eth $ETH

ETH upgraded half an hour ago, and is currently leading the market! This year officially enters a twice-a-year upgrade mode!

Ethereum's 17th major upgrade "Fusaka" was officially activated on the mainnet epoch 411392 about half an hour ago. This upgrade is only about 7 months after the Pectra upgrade in May, marking Ethereum's entry into an accelerated development pace.

Main features of the Fusaka upgrade:

1. Accelerated development pace:

The activation of Fusaka indicates that Ethereum has officially entered an accelerated development model of "two hard forks a year," planning to conduct two major upgrades each year in the future. Since The Merge in 2022, Ethereum typically undergoes one major upgrade each year, which are:

Shapella (2023)

Dencun (2024)

Pectra (2025)

2. Core technical changes:

The Fusaka upgrade introduces several key technical changes, particularly in data availability and pricing, launching a new sampling technology PeerDAS. This technology aims to optimize data availability and improve the scalability of the network.

3. Scale of the upgrade:

The Fusaka upgrade includes 9 core EIPs (Ethereum Improvement Proposals) and 4 associated EIPs, and according to some statistical standards, it is one of the largest upgrades Ethereum has had to date.

4. Currently, Ethereum and its ecosystem tokens are leading the market, and the on-chain TVL is continuously returning.

At this moment, the upgrade and interest rate cut expectations are jointly driving the price of Ether, mostly influenced by short-term sentiment, and for this year's second speculation, the medium to long-term coin price still needs support from Wall Street and monetary easing from the U.S. to be maintained.