"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.