Ethereum's Total Assets Surge to $135 Billion Ahead of London Hard Fork
Ethereum's total assets have surged to approximately $135 billion, as reported by VanEck in September. The network's upcoming London hard fork, scheduled for December, promises to enhance speed and reduce costs. Meanwhile, institutional buying and staking of ETH are driving Ethereum's growth, as per Wu Blockchain.
The London hard fork will introduce several improvements. It will allow nodes to use probabilistic sampling for more efficient block verification. Additionally, it will increase blob capacity, reducing costs for Layer-2 rollups. These upgrades, along with Ethereum's aim to become more scalable and sustainable through staking and network upgrades, are expected to strengthen Ethereum's position and attract more users and projects.
Institutional support for Ethereum staking is growing. Hex Trust, for instance, has enabled custody and staking of Lido's stETH, the largest liquid staking token for Ethereum. 21Shares has launched an exchange-traded product (ETP) with staking and auto-compounding features, focusing on DeFi tokens like dYdX. These developments indicate a rising interest from institutions in Ethereum's staking ecosystem.
Ethereum's total assets have reached a significant milestone, and the upcoming London hard fork promises to make the network faster and less expensive to use. Institutional support for Ethereum staking is growing, driving Ethereum's growth. These developments could further strengthen Ethereum's importance and attract more users and projects.
