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JPMorgan Chase (JPM) stated in a research report that despite continuous upgrades to the Ethereum blockchain, its activity has not significantly increased. The bank pointed out that since the Dencun upgrade in March 2024, average fees and total fees have decreased. Futures positions indicate that institutions have played an important role in the recent rise of ETH. Ethereum launched the Pectra upgrade on May 7, aiming to simplify the staking process, enhance wallet functionality, and improve overall efficiency. (CoinDesk)

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