Smart Contract Upgrades Indicate Blockspace Scaling

SummaryMajor upgrades across smart contract platforms lay the groundwork for scaling blockspace availability without the $50 gas transactions that marked the last bull cycle.Smart contract platforms saw major protocol upgrades across multiple chains in September. These upgrades lay the groundwork for scaling blockspace availability without the $50 gas transactions that marked the last bull cycle.The MVIS CryptoCompare Media & Entertainment Index fell 3% in September as it continues to perform better since the June bottom, despite floundering NFT sales more generally.Major upgrades across smart contract platforms lay the groundwork for scaling blockspace availability without the $50 gas transactions that marked the last bull cycle.Global government bonds are on track for their worst annual loss since 1949 as G4 liquidity has tightened at a record pace. CEO confidence is close to an all–time low. The American Association of Individual Investors reports a record high in bearish sentiment. The dramatic pace of the rise in the 30–year mortgage rate is consistent with an ISM of 25. Cyclicals’ next–12–month price–to–earnings ratio vs. the S&P 500 Index is at an all–time low. U.S. home prices as a ratio of U.S. disposable income ratio just hit an all–time high, implying imminent recession—the odds of which Ned Davis Research pegs at 98%. The Merrill Lynch bull and bear indicator hit 0.0. Commercial banks, foreigners and the Fed ha...