TechFlow news, Grayscale pointed out in its newly released blog post "Ethereum's Maturity: 'Dencun' and ETH 2.0" that while all eyes are currently on Bitcoin, Ethereum could become the focus as the SEC's decision deadline for spot Ethereum ETFs approaches in May 2024.
Ethereum's "Dencun" upgrade, scheduled for March 13, 2024, is expected to enable Ethereum to compete with faster chains such as Solana in the smart contract platform crypto space.
Grayscale Research believes Ethereum's momentum includes the upcoming Dencun upgrade, a net deflationary supply, network revenue generation, the SEC's decision on spot Ethereum ETFs, and increasing use cases for renting Ethereum's security features.
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