JP Morgan Questions Sustainability of Increased Activity on Ethereum Post-'Fusaka' Upgrade

JP Morgan analysts have raised doubts about the sustainability of the surge in network activity following the Ethereum (ETH) 'Fusaka' upgrade. In a report dated the 22nd, the bank noted that previous upgrades did not lead to a long-term increase in activity, as reported by The Block and others. The 'Fusaka' upgrade, which went live on December 3 last year, increased the maximum data capacity per block from 15 to 21 blobs. This immediately reduced transaction fees, leading to a sharp increase in the number of active addresses and transaction volumes. On January 7, Ethereum implemented the second BPO fork, marking the final stage of 'Fusaka', with a target value of 14, ...