Bitcoin (BTC) has surpassed the $91,000 mark, marking a pivotal moment in the cryptocurrency market as November comes to a close. Despite the overall market displaying calmness and lower trading volumes, altcoins are largely experiencing sideways movements. However, the forthcoming week promises to bring notable advancements for both Ethereum (ETH) and Ontology (ONT).
Ontology is preparing to launch its MainNet v3.0.0 and upgrade its Consensus Nodes on December 1, 2025. This significant update aims to enhance the network”s performance while implementing a revised structure for ONG tokenomics. The ONT token is essential for network governance, while ONG serves as the gas token, covering transaction fees, executing smart contracts, and facilitating dApp interactions. The new ONG tokenomics will cap the supply at 800 million and extend the issuance timeline from 18 to 19 years, with 80% of the released ONG earmarked to incentivize ONT staking.
In parallel, the Fusaka upgrade for Ethereum, derived from a combination of “Fulu” and “Osaka,” is set for implementation on Wednesday. This upgrade represents the second major enhancement for Ethereum this year, aimed at strengthening the core network to better manage high-volume transactions originating from Layer2 solutions. A key feature of the Fusaka update is PeerDAS, which allows validators to verify only specific data segments instead of entire blobs. This innovation is expected to balance bandwidth requirements and reduce operational costs for validators and Layer2 networks.
Investors should note that the upgrade is anticipated to improve cost efficiency and transaction speed significantly. Recognized by institutions such as Fidelity Digital Assets, this development is viewed as a vital stride toward preparing the Ethereum network for the future. As tokenization gains traction, Ethereum remains at the forefront. The Fusaka upgrade not only aims to enhance the main network”s efficiency but also to support various Layer2 solutions in tokenization processes.
Overall, Fusaka is not merely a one-off upgrade; it signifies an ongoing commitment to essential improvements for Ethereum. The trajectory appears favorable for maintaining a cost-effective, economically sustainable, and competitive Ethereum ecosystem. While the long-term effects will unfold over time, the immediate price movements of Ether will largely depend on investor sentiment rather than solely on developer enthusiasm.
