Research
Enterprise
Layer-1

State of Ethereum Q1 2024

Apr 25, 2024 ⋅  13 min read

Ethereum had a strong start to 2024. On the financial side, EigenLayer continues to be the most important narrative as it continues to grow in TVL. On the network side, Dencun was Ethereum’s most impactful upgrade yet. It immediately delivered on its promise, reducing rollup fees by more than a factor of 10 and improving the user experience.

Upgrade to Messari Enterprise to read this report

Intel monitoring with real-time alerting for 60+ onchain and offchain events on 500+ top protocols and networks

Enterprise-grade Asset Diligence for onboarding, listing, or delisting assets at your organization

First access to long-form Enterprise Research with deep dives, valuation models, technical explainers, and more

CSV Downloads for all datasets

Access to the Messari API for select datasets. Custom data packages are available on request

Learn More

No charge until upgrade is complete. Cancel anytime.

Already a member? Sign In

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Mentioned in this report

About the author

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Mentioned in this report