The ZK upgrade is a brilliant move: there’s no longer a need for bridges between L1 and L2. It delivers a double win in both security and speed, and once again keeps the deflationary “burning” narrative going.

Ethereum is advancing its network upgrade, leveraging zero-knowledge proofs to enhance the speed of L1-L2 cross-chain transfers, reduce reliance on bridges, and improve security, with more ETH to be burned in the future. Rubin stated that the new system will make cross-network transfers faster, with prices focused on $1,500. The market is affected by a massive sale from an old wallet: in the past two days, 27,585 ETH was sold, at an average price of around $1,625, totaling approximately $44.84 million, with profits exceeding $39 million, leading to market volatility.