ETH Upgrades Insufficient Demand Growth
Ethereum's upcoming network upgrades may not be sufficient to boost demand and counteract the increase in Ether supply.
Too little corroboration in the last 3 days to call a trend (8 articles). Watching for it to gain traction.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"Without fresh institutional demand, there is limited buying pressure to support any meaningful price recovery."
"Throughout the majority of the year, the asset has already lost ground to Bitcoin, and institutional demand has not been robust enough to withstand ongoing selling pressure."
"The document underscored the group’s lack of interest in boosting the price of Ethereum’s native asset."
"Santiment said daily active addresses and network growth have cooled from stronger periods in 2024 and 2025. Fewer new wallets are interacting with Ethereum, which traders may read as a sign of weaker demand for ETH."
"JPMorgan cautioned that previous upgrades failed to drive stronger onchain activity and instead reduced Layer 2 costs and main-chain fees, weakening the ETH burn mechanism and increasing net supply."
"JPMorgan said Ethereum’s major upgrades over the last three years have not translated into stronger network usage. Instead, the changes largely reduced transaction costs on Layer 2 networks, cutting fee revenue generated on Ethereum’s main chain."
"JPMorgan said Ethereum’s major upgrades over the last three years have not translated into stronger network usage. Instead, the changes largely reduced transaction costs on Layer 2 networks, cutting fee revenue generated on Ethereum’s main chain."
"JPMorgan, however, questioned whether cheaper transactions alone would be enough to create sustained demand growth across the network."