Ethereum Upgrades Could Jumpstart $40 Billion Staking Indust

Ethereum Upgrades Could Jumpstart $40 Billion Staking Industry, JP Morgan


Ethereum Upgrades Could Jumpstart $40 Billion Staking Industry, JP Morgan
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Ethereum upgrades could jumpstart a $40 billion staking industry, according to a JP Morgan report. JP Morgan estimates that the staking industry is currently worth $9 billion and that this number could balloon to $40 billion by 2025.
The report speculates that the launch of ETH 2.0 would lead to more adoption of the coin and could increase staking payouts to $20 billion in the first years of the launch. While $40 billion is a number that could be reached by 2025.
Introducing Ehereum 2.0
ETH 2.0 is an upgrade to the Ethereum network that will help to improve network security and provide more scalability. ETH 2.0 aims to improve the overall efficiency of the network by introducing sharding to the mix. Sharding is simply a process of splitting a database into smaller pieces so the network is better able to accommodate more load.

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