2023-04-28
The long-awaited Ethereum (ETH) upgrade is finally here. But, unfortunately, Ethereum investors started noticing fee spikes on the blockchain once the dust settled down.
While this is going on, Collateral Network (COLT) is leaving many of its competitors in the dust with a 40% return for investors in a few weeks while still being in its public presale.
Shapella Leads to Ethereum (ETH) Fee Spikes
Ethereum’s (ETH) Shanghai upgrade, also called Shapella by the crypto community, happened on the 12th of April. The highly-anticipated upgrade brought major changes to the Ethereum (ETH) blockchain and included a few Ethereum Improvement Proposals (EIPs), including EIP-3651, EIP-3855, EIP-3860, EIP-4895, and EIP-6049.
The most important EIP that came with the Ethereum (ETH) Shanghai upgrade is EIP-4895. With this EIP, Ethereum (ETH) holders are now able to withdraw the Ethereum (ETH) tokens they staked years ago to develop and secure the Beacon chain.
Now, all those staked Ethereum (ETH), which accounted for around 15% of the total Ethereum (ETH) supply, are now completely liquid.
Not only did Shapella bring changes to the Ethereum (ETH) blockchain, but it also brought new fee spikes. The Ethereum average transaction fee is at 0.744, a significant increase in the past 24 hours compared to when the average transaction fee was 0.5553.
Collateral Network (COLT) Brings Incredible Returns in a Few Weeks
According to experts, Collateral Network (COLT) is already bringing in incredible returns, even though in public presale. More specifically, in a few weeks, Collateral Network (COLT) saw 40% returns for Collateral Network (COLT) holders, while experts predict even more growth and 35x gains in the near future.
Collateral Network (COLT) is a decentralized lending platform that offers services never-before-seen in the lending and crypto industries. Collateral Network (COLT) allows people to get loans by leveraging real-world assets as collateral.
So, suppose you have a valuable asset, like a luxury watch, jewelry, diamonds, real estate, a vintage car, fine wines, etc. In that case, you can easily get a loan within 24 hours from Collateral Network (COLT). The loan will be financed by Collateral Network (COLT) holders, who will buy fractions of an NFT minted from your asset and get fixed interest payments in return.
Borrowers will send the asset to Collateral Network (COLT), and the asset will be held in its vault until the loan is repaid. Once the loan is repaid, Collateral Network (COLT) will burn the NFT and return the asset.
Conclusion
With Shapella bringing higher transaction fees to ETH holders; ETH prices, market cap, and trading volume are still seeing positive reactions and increases.
However, investors are increasingly turning to COLT as they deem it an excellent investment opportunity that is already bringing in great returns.