Crypto’s ‘Infrastructure Super-Cycle’ – Five Blockchains Upgrade Across a Single Week

The first week of December saw an unprecedented surge of activity across the crypto landscape, as five major blockchains implemented significant upgrades in a span of just seven days. Ethereum’s Fusaka hard fork took center stage, with its ambitious changes to gas limits and PeerDAS launching on December 3rd. This was followed by other notable upgrades: Flare, MultiversX, VeChain, and Siacoin all simultaneously executed their own hard forks, putting significant strain on node infrastructure. Meanwhile, Lido and Renzo initiated crucial treasury votes and token burns to manage potential supply shocks arising from the simultaneous upgrades.