The Dencun Ethereum upgrade went live on Wednesday. After Dencun launched, the price of ETH slumped 3.2% from $4,076 to $3,949, according to CoinGecko data.

It has largely recovered since, however, peeking back above $4,000 at time of writing.

Each upgrade is intended to improve the Ethereum blockchain, including lowering fees and improving transaction speed—which leads to greater value in the long run.

“Dencun will not only reduce fees to facilitate more trades and investing but also open the door for competitive peer-to-peer and commerce payments,” Beam Wallet CEO Andy Bromberg told Decrypt in an email. “On top of that, product maturation will make it easier for people to get into crypto and send payments. We didn’t have that in the last bull run, but this time, we’re set to capture the momentum for real use cases.”

Here are some of the important recent updates to Ethereum and how the market reacted before and after each upgrade.

In the week leading up to the highly anticipated “Merge,” which transitioned Ethereum from a Proof of Work to a Proof of Stake algorithm, Ethereum traded above $1,700, with a high of $1,779 on

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Author: Jason Nelson

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