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What investors need to know about ‘Dencun,’ Ethereum’s next big tech upgrade

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Ethereum's next big tech upgrade, dubbed 'Dencun,' is scheduled to take place Wednesday.

Ethereum is on its way to being a faster and cheaper network to use. The widely anticipated technological upgrade, dubbed "Dencun," is scheduled to take place Wednesday, and is meant to increase efficiency and reduce network fees for users of Ethereum – particularly traders who use decentralized finance protocols.

Plus, leverage in the crypto market is through the roof as of late. Additionally, investors are watching the Securities and Exchange Commission, which is expected to approve or deny the trading of the first spot ether ETFs in the U.S. in May. The scalability problem Dencun follows the "Shapella" upgrade from almost a year ago, which allowed investors to withdraw their staked ether from the network for the first time.

 

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