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Ethereum Realized Cap Has Climbed To $244.6 Billion Recently:
In a new post on X, the on-chain analytics firm Glassnode has talked about how the trend in the Ethereum Realized Cap has flipped since the Pectra upgrade. The Pectra upgrade went live on May 7th and introduced a bunch of improvements to the ETH network, including staking enhancements and an increase in transaction capacity.
As the chart shared by the analytics firm shows, the upgrade’s arrival seems to have coincided with a reversal in the Realized Cap of the cryptocurrency.