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ETH is trading at ~$1,600 today.

Can ETH pump again? Wen moon?

Getting to the heart of this simple question requires an inevitable detour into the boring, technical weeds of data availability (DA).

The ELI5 explanation of data availability is storage fees, or bandwidth resource. All chains – L1s and L2s – need them to operate, but their primary supplier is the L1.

Here’s the rough train of thought: 

What is the fate of ETH as an asset?

That depends on how well Ethereum can generate fees.

Ethereum generates fees in three primary ways: execution, MEV, and data… Read more on Blockworks