VanEck: Ethereum's Fusaka upgrade could be a turning point for ETH's value

Global asset manager VanEck believes that Ethereum's upcoming Fusaka upgrade, scheduled for Dec. 3, could be a turning point in strengthening the value of ETH, according to CoinDesk. VanEck stated that the upgrade is expected to reduce the data burden on rollups, which would in turn increase validator efficiency and ultimately lower transaction costs for users. The firm added that while this may not directly lead to a recovery in Ethereum mainnet fee revenue, it could enhance ETH's value as the foundational asset for securing the on-chain ecosystem.