TechFlow reports, JPMorgan expects Ethereum to outperform Bitcoin and other cryptocurrencies in 2024, despite the bank maintaining an overall "cautious" stance on the crypto market for the coming year. In a report released Wednesday, JPMorgan analysts led by Nikolaos Panigirtzoglou wrote, "We believe that next year Ethereum will reassert itself and recapture market share within the crypto ecosystem, primarily driven by the EIP-4844 upgrade, or Proto-Danksharding, expected in the first half of 2024. This upgrade could prove a significant step toward improving Ethereum's network activity, helping it outperform the broader market."
Notably, Proto-Danksharding is the first phase toward full Danksharding implementation—Danksharding being a more efficient form of sharding for Ethereum. Unlike the original sharding approach, which involved splitting Ethereum into multiple shard chains, Danksharding avoids this complexity. Instead, it introduces data blobs—temporary data packets attached to blocks—that can carry more data than regular blocks but are not permanently stored or accessible by the Ethereum Virtual Machine (EVM).
