LIVEStrong bull case for $ARB and $OP why I am holding my longs for longer and stocking my bags..
One reason: EIP-4844 upgrade for Ethereum
The Ethereum Improvement Proposal (EIP) 4844 is gaining traction as a potential game-changer in the Ethereum ecosystem. As a part of the medium-term market narratives, the upcoming EIP-4844 upgrade promises to address the perennial issue of high gas fees and enhance the overall transaction throughput on the Ethereum network.
1. EIP-4844 is expected to decrease Ethereum gas fees, benefiting Layer 2 solutions by lowering their operational costs and enhancing the user experience.
2. Lower expenses for Layer 2 solutions are likely to lead to increased earnings, which can be viewed as a bullish sign from an investment perspective.
How it impacts - OP:
- The Optimism ecosystem is growing rapidly and demonstrating versatility, with projects like Base and opBNB showcasing its capabilities.
- Notable endorsements of the OP stack by projects like Worldcoin (WLD) suggest a promising future for $OP.
- When combined with the EIP-4844 upgrade, Optimism has the potential to revitalize the Optimism ecosystem.
How it impacts- ARB:
- Arbitrum's recent incentive program announcement, offering 50 million $ARB for grant applicants, is a significant development.
- This initiative, along with the EIP-4844 upgrade, has the potential to breathe new life into the Arbitrum platform.
