JPMorgan Raises Concerns Over Ethereum’s Upgrade Impact, Network Remains Unmoved

JPMorgan has released a statement questioning the effectiveness of recent Ethereum upgrades in boosting network activity. Despite promises of improved scalability and user adoption after the Merge and Shanghai upgrade, key indicators such as active addresses, transaction volume, and fees have remained stagnant since implementation. This suggests that while technical milestones were achieved, they may not be addressing Ethereum’s core challenge of attracting widespread user adoption.