Analysis: Ethereum's recent over 60% surge is mainly attributed to Vitalik's simplified vision and technical upgrades
On May 12, according to a Matrixport analysis report today, Ethereum has recently achieved an increase of over 60%, mainly due to Vitalik's proposed simplified vision and technical upgrades. On May 3, Vitalik proposed a simplified vision for Ethereum Layer 1 with "clarity" and "security" as the core, where EIP-4850 introduces a revenue-sharing mechanism with Layer 2, helping Ethereum capture value from L2 activities; EIP-7691 reduces L2 fees by expanding data block capacity, improving operational efficiency, and attracting more on-chain transactions back to the mainnet. Additionally, the report noted that Ethereum's recent liquidation scale surged to $221 million, an anomaly that usually occurs during market downturns rather than during price increases.
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