Fusaka Cementing Ethereum’s Role as On-Chain Finance Settlement Layer: Bitwise
Bitwise views Ethereum's Fusaka upgrade as crucial infrastructure strengthening its role as the on-chain finance settlement layer.Summary
Crypto asset management firm Bitwise asserts that Ethereum's upcoming Fusaka upgrade, while unflashy, is vital infrastructure that will make the network sturdier and more investable. Analyst Max Shannon noted that the upgrade expands capacity, improves validator efficiency by reducing the data burden for verifying blobs (via PeerDAS), and most importantly, strengthens Ethereum's value capture from Layer-2 activity. A key economic change is EIP-7918, which introduces a minimum blob base fee tied to execution fees. This addresses the post-Dencun issue where fees could drop too low, ensuring a more consistent revenue and burn stream as DeFi and tokenization migrate to rollups. Bitwise cautions that upgrades rarely cause immediate price spikes but concludes that Fusaka cements Ethereum's position as the settlement layer for increasingly institutional on-chain finance.
(Source：CoinDesk)