CoinShares Ethereum research associate Luke Nolan has warned that Ethereum’s ETH supply could be affected by the Dencun upgrade.
The upgrade could impact ether burnt on the network by reducing the circulating supply.
CoinShares Ethereum research analysts have revealed that the upcoming Dencun upgrade could impact Ether, the native cryptocurrency of the Ethereum blockchain. CoinShares Ethereum research associate Luke Nolan further anticipates that the upgrade could come into effect this March, ushering in a new era for the smart contracts platform.
The upcoming upgrade will enable Layer 2 transactions to be sent to the Ethereum network through blobspace. The new mechanism will introduce reduced gas usage and a reduced amount of ether. Currently, the ether used to pay gas base fees for transactions is burned. This approach will lead to reduced gas usage and a lower amount of ether burnt.
In an interview with a leading media outlet, Nolan noted;
Transactional calldata makes up 90% of

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