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Why ETH's Dencun Upgrade Matters
Published on Jan 23, 2024
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Sponsor: Toku — Make token grant administration simple.

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NEED TO KNOW
Bitcoin Drops Below $40K
  1. 🐻 Bitcoin declines. The BTC price dipped to $39K on Tuesday, falling below the significant $40K barrier and reaching prices not seen since early December.
  2. 🔌 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 more than two-thirds of the funds lost (some 1,032 ETH).
  3. 🍰 ETH L2 startup scores funding. Polymer Labs raised $23M in funding from Blockchain Capital & Coinbase Ventures to build out its "interoperability-as-a-service" for Ethereum and other rollups.
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TODAY IN MARKETS
MEV Money!

📊 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
Crypto $1.53T ↘ 3.4% ↘ 10.0%
BTC $39,303 ↘ 2.5% ↘ 9.1%
ETH $2,193 ↘ 6.6% ↘ 15.1%
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ANALYSIS
What's Next for Ethereum?
Bankless Author: David C

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👇


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AIRDROP HUNTER
Latest Hunt: Rabby Wallet

It's Airdrop Season! Rabby is the latest EVM wallet to capture crypto's attention, and they just kicked off a points program! We've added six quests for the wallet to Airdrop Hunter. Check them all out! 👇

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TAKE ACTION
What We're Doing

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GO BANKLESS
Earn Airdrops!

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It's airdrop season and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!

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