Fees on layer 2s, designed to scale the Ethereum network, also surged, with transactions costing as much as $1 on Arbitrum, the highest since 2022, the report said. This issue has a quick fix though with the Dencun upgrade coming up next week, which is expected to lower transaction costs on layer 2s to cents.
An ETH ETF Wouldn’t Deliver Full-Returns to Investors
An SEC approval for spot ETH ETFs looks unlikely but even if the SEC approves exchange traded funds for Ether,...