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Delio Curation

ETH Shanghai Upgrade Promises Price Rally


Ethereum has crossed the $1,800 mark for the first time since August 2022, and there is a possibility of a bull rally driven by the increased traction of smart contracts and a successful network upgrade, the crypto media outlet BeInCrypto reported on March 21.


The recent banking crisis has led some crypto-affiliated depositors to move their funds into DeFi protocols built on Ethereum. Glassnode's on-chain data shows a spike in the supply of ETH locked in DeFi, reducing the units available to be traded on crypto exchanges and decreasing sell pressure, which could power Ethereum into a bull market. The Network Value to Transactions (NVT) ratio provides significant on-chain data that reinforces the hopeful perspective.


The forthcoming Shanghai upgrade is scheduled for April 12.


Interestingly, recently deployed on the Ethereum mainnet in March 2023, ERC-4337 enables users to recover lost private keys through programming smart contracts to operate wallets, known as account abstraction.


Ethereum founder Vitalik Buterin stated that the ERC-4337 standard enables a completely decentralized fee market for operating smart contract wallets.



Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.