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:
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.
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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The crypto market in 2025 looks very different from previous cycles. While some familiar patterns…
Canary Capital’s Steven McClurg recently said that Bitcoin has already reached its peak for this…
A growing number of investors are now watching a DeFi token priced at $0.035 as…
A new DeFi altcoin priced at $0.035 is gaining strong traction as traders look for…
Bitcoin has pulled back slightly again, but the bigger picture has not changed much. Prices…
The exchange-traded fund playbook that powered Bitcoin and, later, Ethereum into institutional portfolios may not…
