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Ethereum’s Pectra Upgrade Boosts Appeal, But Network Activity Remains Flat: JPMorgan

  • JPMorgan analysts noted that Ethereum's recent Pectra upgrade supports long-term growth but hasn't increased network usage significantly.
  • The upgrade focused on staking processes, reward structures, and asset movement efficiency, appealing to institutional investors.
  • Compared to retail-driven trends in other platforms, Ethereum is strategically shifting towards deeper institutional engagement, following Bitcoin's path.
  • Despite limited immediate impact on transaction volumes, JPMorgan sees Ethereum's infrastructure focus positioning it well for long-term growth as a premier smart contract platform.

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