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Ethereum’s Shapella Hard Fork Triggers Increase in Agility DAO’s Lock-in Value by 643% and Token AGI’s Surge by 185%

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According to reports, after Ethereum\’s successful Shapella hard fork achieved pledge withdrawals, the total lock-in value of the LSD token liquidity agreement Agility increased by

Ethereums Shapella Hard Fork Triggers Increase in Agility DAOs Lock-in Value by 643% and Token AGIs Surge by 185%

According to reports, after Ethereum’s successful Shapella hard fork achieved pledge withdrawals, the total lock-in value of the LSD token liquidity agreement Agility increased by over 643% to $467 million, while its token AGI rose by approximately 185% to $0.53, bringing its market value to $7.5 million. According to the snapshot, the Agility DAO has 129 members. According to Nansen data, as of publication, the number of unique addresses holding AGI has increased from 1 on April 5th to 926.

CoinGecko and other platforms issue warnings on the security of AGI (Agility) contracts

As Ethereum’s Shapella hard fork triggered pledge withdrawals, the liquidity agreement of LSD token for Agility DAO experienced an increase in its total lock-in value by 643%, amounting to $467 million. Meanwhile, the token AGI saw an approximate surge of 185%, bringing its market value to $7.5 million. Based on a snapshot, Agility DAO currently has 129 members. Furthermore, according to Nansen data, the number of unique addresses holding AGI has significantly increased from 1 on April 5th to 926. In this article, we’ll discuss the details of Ethereum’s Shapella hard fork and analyze its impact on the Agility DAO and AGI token.

Ethereum’s Shapella Hard Fork

Firstly, let’s delve into what the Shapella hard fork is, and why it isn’t as contentious as other hard forks. Hard forks are code modifications to a blockchain’s protocol that are irreversible and result in a permanent bifurcation of the blockchain. The Shapella hard fork was introduced to activate Ethereum Improvement Proposal (EIP) 1559, which offers a better transaction fee market mechanism, lower transaction fees, and improved user-experience for Ethereum users.
While some hard forks have been in the center of controversies like Ethereum Classic or Bitcoin Cash’s hard forks, the Shapella hard fork received the support of the vast majority of its community. The fork’s success prompted a significant reduction in gas prices, and its integrated EIP 1559 significantly increased the revenue burned by the network.

The Impact on Agility DAO and AGI Token

The Agility DAO’s LSD token liquidity agreement experienced a remarkable increase in its total lock-in value by 643%, totaling to $467 million, after Ethereum’s Shapella hard fork allowed pledge withdrawals. This significant increase did not go unnoticed, as it corresponded with the AGI token’s surge by approximately 185%, reaching a market value of $7.5 million.
The Agility DAO currently has 129 members, as seen from the snapshot. Additionally, according to Nansen data, the number of unique addresses holding AGI increased from 1 on April 5th to 926. After the Shapella hard fork, the AGI token seems to have gained significant momentum, and there is a possibility that it could continue to surge in the coming months.
Moreover, the AGI token is designed to incentivize users to contribute ideas and work on the project’s development, ensuring a higher level of engagement from its members. Its latest success is a testament to the DAO’s growing popularity and exciting prospects.

Conclusion

In conclusion, the Shapella hard fork was introduced to improve and streamline the Ethereum blockchain’s transaction fee market mechanism, and it undoubtedly succeeded in doing so. Its success played a significant role in boosting the Agility DAO’s liquidity agreement and the AGI token’s surge. While the AGI token’s value may experience fluctuations, it’s evident that the DAO is experiencing remarkable success and growth in recent months. The future seems bright for the AGI token and Agility DAO, and we can expect more positive developments in the future.

FAQs

Q1. What is Ethereum’s Shapella hard fork?
The Shapella hard fork is a code modification introduced to activate Ethereum Improvement Proposal (EIP) 1559, which offers a better transaction fee market mechanism, lower transaction fees, and improved user-experience for Ethereum users.
Q2. What happened to the Agility DAO after the Shapella hard fork?
After the Shapella hard fork, the Agility DAO’s LSD token liquidity agreement experienced an increase in its total lock-in value by 643%, amounting to $467 million, while its token AGI surged by approximately 185%, bringing its market value to $7.5 million.
Q3. What is the number of members and unique addresses holding AGI in the Agility DAO?
According to a snapshot, the Agility DAO has 129 members, while the number of unique addresses holding AGI has increased from 1 on April 5th to 926, based on Nansen data.

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