# Why ETH's Dencun Upgrade Matters

*Author: Bankless*
*Published: Jan 23, 2024*
*Source: https://www.bankless.com/es/why-eths-dencun-upgrade-matters*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/coin_guy_2-38--1-.png)](https://www.bankless.com/sponsor/toku-1686090210?ref=whats-next-for-ethereum-dencun&email=true)

  

     Why ETH's Dencun Upgrade Matters
  
  

  
  Published on Jan 23, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
   Bitcoin Drops Below $40K
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/Group-14--17-.png)- 🐻 **Bitcoin declines.** The BTC price dipped to [$39K](https://x.com/jacqmelinek/status/1749829987421577358?s=20) on Tuesday, falling below the significant $40K barrier and reaching prices not seen since early December.
- 🔌 **Socket recovers 2/3 of exploit funds. **Interoperability protocol Socket was hacked for $3.3 million last week, but said Tuesday that it has [recovered](https://www.theblock.co/post/273964/socket-ether-recovery-bungee-exploit) more than two-thirds of the funds lost (some 1,032 ETH).
- 🍰 **ETH L2 startup scores funding. **Polymer Labs [raised $23M in funding](https://x.com/Polymer_Labs/status/1749810016738279542?s=20) from Blockchain Capital & Coinbase Ventures to build out its "interoperability-as-a-service" for Ethereum and other rollups.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    MEV Money!
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image---2024-01-23T114311.618.png)](https://www.bankless.com/uma-protocol-oval-mev-capture)📊** Capturing value.** UMA has gone meteoric over the past five days, gaining 190% off its *Oval* announcement last Thursday. *Why has the UMA token been rapidly repriced?*

Prices as of 3pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.53T
       

  
    
    ↘ 3.4%
    
  

   
    
    ↘ 10.0%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $39,303
       

  
    
    ↘ 2.5%
    
  

   
    
    ↘ 9.1%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,193
       

  
    
    ↘ 6.6%
    
  

   
    
    ↘ 15.1%
    
  

  

[Unlock Today's Full Market Analysis](https://www.bankless.com/uma-protocol-oval-mev-capture)

.  .  .

 
  
    

    ANALYSIS

  
  
    
   What's Next for Ethereum?
  
  
  
  
  
   
     
     Bankless Author: 
     
      [
       
       David C
     
    ](https://twitter.com/davewardonline)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image---2024-01-23T114328.507.png)](https://www.bankless.com/whats-next-for-ethereum-dencun)A shift in the sails of crypto has seemingly made Ethereum a contrarian bet in recent months.

But there's never been a better time to be bullish on ETH. The Dencun upgrade is imminent and will be a game-changer, driving the network closer to an immensely scalable future. Rollups, validators, and the network’s overall security will all receive upgrades — significantly strengthening Ethereum’s overall operational landscape. 

**Read about Dencun's biggest upgrades👇**

[Get the Full Details](https://www.bankless.com/whats-next-for-ethereum-dencun)
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