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Glassnode Glassnode @glassnode · 44.1K subscribers
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The Week On-Chain 12, 2024
The Dencun upgrade has activated successfully, introducing a new architecture for Layer-2 solutions to anchor into the mainchain. It also introduces modifications to the staking pool. Both could impact Ethereum's monetary policy.

Executive Summary
- The Dencun Upgrade on Ethereum introduces new data storage capacities, aimed at reducing fee costs of its Layer-2 scaling solutions.
- The upgrade also implements a fixed limit for entering validators to manage the growth of the validator set and maintain efficient node communication.
- This change could influence Ethereum's monetary policy by reducing the rate of new Ethereum issuance. This could potentially lead to a decrease in the Ethereum supply.

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