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ROLLUP: Ethereum Burning | Penguin & Axie NFTs | Poly Network Hack | Infrastructure Bill (August 13)

Bankless

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Ethereum's Rise and Market Dynamics

This chapter examines the recent surge in Ethereum's price, influenced by the implementation of EIP-1559 and rising transaction fees, amidst a broader analysis of cryptocurrency market shifts. It highlights the growing appeal of Ethereum over Bitcoin, driven by institutional interest and DeFi opportunities, while also noting significant changes in trading volume dynamics. Furthermore, the chapter discusses the implications of Layer 2 solutions and token incentives on the liquidity and performance of decentralized finance platforms.

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