JPMorgan's doubts about Ethereum's upgrade prospects
The major investment bank JPMorgan has expressed skepticism about the sustainability of the expected surge in activity in the Ethereum network after the Fusaka upgrade. According to the bank's analysts, previous major Ethereum network upgrades have failed to provide a meaningful and long-term increase in user activity.
This statement by JPMorgan is related to the fact that the Ethereum upgrade called Fusaka, scheduled for September 2022, aims to significantly improve the scalability and performance of the network. However, the bank's analysts are skeptical that this will lead to a tangible and sustained growth in the number of transactions and other key user activity metrics.
It is worth noting that in recent years Ethereum has indeed been regularly updated, but these changes have not always led to the expected surge in activity. For example, the transition of the network to the Proof-of-Stake (PoS) consensus algorithm as part of the "Merge" update in 2022 did not have a significant impact on the number of transactions and other indicators.
Given the current trend, JPMorgan analysts believe that the Fusaka update is also unlikely to become a driver for sustained growth in activity in the Ethereum ecosystem. In their opinion, more substantial changes are needed that will improve the user experience and make the network more attractive to a wide range of users.