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"Ethereum's Dencun Upgrade Boosts Scalability with Atlas Integration, Ether Dips 0.5%"

The Dencun upgrade on Ethereum Layer-2 networks like Optimism, Zora, and Base has significantly reduced transaction costs, with some fees now appearing as less than a penny. This upgrade introduced proto-danksharding, allowing for the division of data into smaller pieces to process it more efficiently, resulting in lower operational costs for L2 networks and cheaper transaction costs for users. However, some experts caution that these low costs may not be sustainable as demand for the new data storage method, known as blobs, increases over time.

1 year ago•Source: Decrypt

"Ethereum's Dencun Upgrade Drives Significant Cost Reduction for Layer 2 Blockchains"

cryptocurrencyblockchain-technology

1.845 min•1 year ago

"Ethereum's Dencun Upgrade Drives Significant Cost Reduction for Layer 2 Blockchains"

Ethereum's Dencun upgrade has led to a significant decrease in transaction costs on layer 2 solutions like Optimism and Base, with the average fees dropping to just a few cents. The upgrade allows layer 2 solutions to store data in "blobs" instead of expensive call data, resulting in lower processing costs. While the upgrade is expected to eventually reduce transaction costs by 90%, it has not yet boosted investor interest in the native tokens of rollups.

via CoinDesk