KaiZXBT
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Bullish
Impact of the Fukasa Upgrade on ETH: Smart Contract Deployments Hit a New All-Time High
Within just 48 hours of the upgrade, the Ethereum network reacted with explosive activity.
On December 5, new contract deployments surged to 198,000, breaking the previous record of 154,000 and marking a sharp 28 percent increase.
Three key drivers fueled this spike:
Low fees (EIP-7939): Developers rushed to deploy contracts while gas costs remain cheap.
No more congestion (EIP-7935): The Block Gas Limit was raised to 60 million, clearing the path for more complex transactions.
L2 tailwinds (PeerDAS): Blob capacity expanded eightfold, enabling Layer 2 networks to scale infrastructure more aggressively.
The Fusaka upgrade is a major technical success, delivering faster performance and significantly lower costs. The surge in network utility is a strong medium-term bullish signal for ETH.
#ETH
{future}(ETHUSDT)
Within just 48 hours of the upgrade, the Ethereum network reacted with explosive activity.
On December 5, new contract deployments surged to 198,000, breaking the previous record of 154,000 and marking a sharp 28 percent increase.
Three key drivers fueled this spike:
Low fees (EIP-7939): Developers rushed to deploy contracts while gas costs remain cheap.
No more congestion (EIP-7935): The Block Gas Limit was raised to 60 million, clearing the path for more complex transactions.
L2 tailwinds (PeerDAS): Blob capacity expanded eightfold, enabling Layer 2 networks to scale infrastructure more aggressively.
The Fusaka upgrade is a major technical success, delivering faster performance and significantly lower costs. The surge in network utility is a strong medium-term bullish signal for ETH.
#ETH
{future}(ETHUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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