EthereumIn , eyes are turned to the Shanghai upgrade, which will take place in April, which will make it possible to withdraw staked ETHs.
The banking problems that started in early March brought a decline to the crypto money market, causing Ethereum to retreat to the level of $ 1300.
However, the ensuing wave ETH’It made it go up to $1,850 levels.
While Ethereum continues its sideways movements, Bank of AmericaA new ETH report has come from .
According to the news of Coindesk, the Ethereum network decentralized finance (DeFi) Stating that it continues to be the main system for ETH, BoF analysts said that ETH should have very few competitors in this regard.
Analysts Alkesh Shah and Andrew Moss said that while Ethereum currently has few competitors, it doesn’t improve the efficiency of the network. ETH its use will decrease.
“ETH adoption and usage is expected to slow if Ethereum blockchain fails to increase throughput.
At the same time, application developers will likely choose other networks to build.
In this context, we believe that the future of Ethereum depends on its long-term viability and its ability to achieve the vision laid out in the roadmap to significantly expand its throughput capacity.”
Noting the increase in the number of users and transactions on the ETH network, analysts argued that this early success is a “double-edged sword”, noting that a large number of transactions can cause network congestion and increased transaction fees.
*Not investment advice.
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