Information View Non-AMP

CoinEx’s Twitter Spaces Series EP03 Recap: Exploring the Transformative Impact of Ethereum’s Dencun Upgrade

Published by
Sara K

On Feb 19, 2024, CoinEx organized a Twitter Space and brought together experts to discuss the upcoming Dencun upgrade for Ethereum and its wide-ranging implications. The speakers included ArkStream Capital’s Investment Director, Chung, Web3 Latam Hub’s CEO, Cristobal Pereira, and the CoinEx research team. They outlined major improvements like significantly reduced gas fees and increased throughput that will enhance usability.

Meanwhile, they predicted Dencun will stimulate growth across Ethereum’s ecosystem, with sectors like DeFi, NFTs, gaming, and Web3 poised to benefit. Increased scalability and lower costs will allow more complex dApps and attract developers from competing chains back to Ethereum.

The key issues for Ethereum’s upgrade, as highlighted by Chung, the Investment Director at ArkStream Capital, “lie in the timing of execution and the ability to sustain excitement amidst competitive pressures, with other blockchain networks capitalizing on Ethereum’s slow progress by offering faster solutions, thus stressing the importance for Ethereum to efficiently implement its upgrades to retain its market position.”

Bullish Outlook for Ethereum

The panel was optimistic on Ethereum’s competitive position, noting its vibrant community and ambitious roadmap give it an edge. However, execution speed for upgrades was cited as an ongoing challenge. The restaking trend was highlighted as an emerging narrative that could fuel major innovation.

Cristobal Pereira, CEO at Web3 Latam Hub, said, ‘While other chains boast superior technology, Ethereum’s strength lies in its vibrant developer community and user base. Latin America, for instance, has a thriving Ethereum community, emphasizing the importance of users and developers in the ecosystem.'”

Key Takeaways:

  • On emerging sectors, Chung emphasized that “restaking is the major play that no one should miss.” While no tokens have launched yet, he noted Pando as a promising option, showing the potential of restaking to drive innovation.
  • Cristobal highlighted gaming applications as beneficiaries, stating “gaming applications will also have benefits for these upgrades. Basically because of the lower cost.” This signals opportunities for sectors like gaming to capitalize on Dencun’s improvements.
  • On portfolio strategies, Cheng advised traders to “realize some profit before the narrative passes and the liquidity on this since the Bitcoin halving is coming.” Cristobal and Chung expressed bullish ETH outlooks, with price targets from “$3,000 to $10,000 per ETH.”

The discussion revealed a breadth of possibilities following Dencun while emphasizing prudent profit-taking and Ethereum’s long-term investment appeal. As Cristobal stated, “We are very excited, we are bullish in terms of improvements and all of the things related with, with the Ethereum ecosystem.” Overall, the speakers emphasized Dencun’s transformative effects in cementing Ethereum as the dominant smart contract platform. But it is only the first chapter, with more scaling solutions to further unlock capabilities. The community eagerly anticipates the network-defining upgrade.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Since its establishment, CoinEx has steadfastly adhered to a “user-first” service principle. With the sincere intention of nurturing an equitable, respectful and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.

Disclaimer and Risk Warning

The content provided on Coinpedia's information pages is intended to be informative and accurate to the best of our knowledge. However, Coinpedia does not guarantee the completeness, accuracy, or reliability of any information presented. The information is subject to change without notice, and readers are encouraged to conduct their research and consult with relevant professionals before acting on any details or advice. Coinpedia is not liable for any errors, omissions, or actions resulting from the use of the information provided on these pages.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

Recent Posts

Russia to launch Its Own Ruble-backed Stablecoin, RT-Pay Payment Platform

Russia’s state-owned technology giant Rostec is stepping into the digital finance space with big plans.…

July 4, 2025

Pi Network Price Faces Bearish Pressure Despite AI-Fueled Optimism

The price of PI Network has shown remarkable resilience, hovering around the $0.477 mark in…

July 4, 2025

Binance Offers Zero-Interest Loans, Hires Ex-Central Bank Chief, How To Qualify!

Binance has just rolled out a new loan service aimed at helping institutional clients access…

July 4, 2025

Nano Labs Invests $50M in BNB, Eyes $1 Billion in Treasury

Nano Labs, a leading Web 3.0 infrastructure provider in China, recently made a bold move…

July 4, 2025

Polygon (MATIC) Price Prediction 2025, 2026 – 2030: Will MATIC Price Surge to $1?

Story Highlights The live price of the Polygon coin is . The MATIC price could…

July 4, 2025

Did SEC’s Closed-Door Meeting Mark the End of XRP Lawsuit? Judge Torres Steps Aside

Ripple vs. SEC case saw renewed speculations after the SEC’s closed-door meeting yesterday. Posts on…

July 4, 2025