Diverse Opinions Emerge Among Crypto Executives Regarding Ethereum’s Dencun Upgrade
As the release of Dencun on Ethereum’s mainnet draws near, there are differing opinions among experts regarding its potential impact, despite the soaring prices of Ether (ETH).
The excitement and euphoria in the crypto market have propelled ETH to reach a two-year high, surpassing $4,000 for the first time since late 2021, during the previous bull cycle.
According to Ethereum developers, Dencun will introduce expanded data availability for layer-2 solutions such as Arbitrum and Optimism, enabling improved transaction capacity with lower gas fees.
Rich Rines, an initial contributor to Core DAO, expressed concerns about liquidity and on-chain fragmentation associated with the focus on Ethereum L2. Rines emphasized the need to closely monitor Dencun’s progress after its deployment, which is expected to take place by March 13, unless unforeseen delays occur. He also raised questions about whether the upgrade’s objective was the right goal in the first place.
On the other hand, Robin Burkey, the co-founder and CCO of Wormhole Foundation, holds an optimistic view of Dencun. Burkey anticipates that the upgrade will lead to a significant increase in cross-chain asset transfers. He believes that Dencun will enhance the usage, accessibility, and dynamism of defi, as lower fees will incentivize greater on-chain participation in the largest decentralized ecosystem in the crypto industry.
According to Flipside, the Dencun upgrade will further diminish Ethereum’s dominance and accelerate the adoption of layer-2 solutions.
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