Ethereum Fusaka Upgrade to Enhance Scalability and Efficiency in December
Ethereum is set to evolve with the upcoming Fusaka upgrade, aimed at addressing scalability and efficiency challenges. This upgrade, expected in December, could significantly enhance Ethereum's performance.
Key Features of the Fusaka Upgrade
- Introduces PeerDAS (Peer Data Availability Sampling), allowing validators to verify blocks without full downloads, improving efficiency.
- Increases blob capacity and enhances throughput for rollups, reducing transaction costs.
- Optimizes block verification, reducing data overhead and strengthening Ethereum as a global financial infrastructure base layer.
Fusaka could be transformative, especially for rollups like Arbitrum, Optimism, and Base. As network fees drop, Ethereum's monetary importance rises, evolving from a gas token to a settlement currency for the rollup economy.
Potential Impact on ETH Price
Analyst Tom Tucker suggests Ethereum might reach $15,000 if it continues to correlate with global money supply (M2) liquidity increases. Ethereum is seen as a hedge against monetary debasement.
Market Trends and Correlations
Economist trader MikybullCrypto notes that Ethereum maintains a positive correlation with the Russell 2000 cycle, which has hit a new all-time high. This suggests a potential capital rotation into Ethereum and the broader altcoin market.
