Bitwise CIO: Dencun upgrade will bring zero price effect to Ethereum

03/20 15:54

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Bitwise's Chief Investment Officer Matt Hougan stated in the latest weekly memo for professional investors that the technical details of the DenCun upgrade are complex, but the impact is easy to understand: the price of transactions on the Ethereum network has dropped by more than 90%. On average, the cost of transactions on the network may now be less than one cent, and in some cases, it is actually zero. This means that the DenCun upgrade will bring "zero price effect" to Ethereum. Matt Hougan explained that the zero price effect in economics refers to the exponential growth in demand for many goods when the price drops to zero.

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