TL;DR

• ETH recently hit $3.8k (highest since Dec ‘21), 25% of ETH’s total supply is now being staked (and out of circulation), while Dencun is about to make L2‘s ~75% cheaper.

Full Story

There’s this family in the town we grew up in, called the Grunsons…

The eldest son, Steve, is a doctor; while the youngest, Danny, runs his own landscaping company.

Dave and Janine (the parents) heap a stupid amount of praise on Steve, and often forget to do the same for Danny.

Crazy thing is: Danny is KILLING it.

His landscaping company is a monster of a business (one of the biggest in the state).

…it’s kinda weird that his parental-praise gets so heavily discounted.

That’s often how we feel about Bitcoin and Ethereum — sure, Bitcoin has the prestige — but — if in the past few years, you’ve interacted with a blockchain network to:

• Buy NFTs

• Join a DAO

• Play Web3 games

• Degen into some meme coins

• Trade crypto on a decentralized exchange

…you’ve most likely been using an Ethereum based token/platform to do so.

So we decided it’s about time we heap some love and admiration on ETH.

Here’re some of the network’s latest milestones:

1. The ETH token recently hit $3.8k — the highest it’s been since Dec ‘21
   

2. There’s currently $116B worth of ETH being staked — meaning just over 25% of ETH’s total supply is now out of circulation.
   
   (Making the ETH we all hold, scarcer/more valuable).
   

3. On March 13th, the Dencun upgrade is due to take place and make transactions ~75% cheaper on ETH layer 2 chains.

Hey, @ethereum — proud of you xx