The Structural Shift in Blockchain's Value Accrual: Lessons from the Semiconductor Cycle
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Market Sentiment
Improves data availability sampling efficiency
Independent validator client goes live on mainnet
92 million ARB released
Raises validator limit and account abstraction
Block reward halving event
Block reward reduced to 3.125 BTC
Circulating supply increases by about 2%
Team and early investor shares released
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