"Ethereum's Dencun Upgrade: Making DeFi More Affordable"
TL;DR Summary
Ethereum's upcoming Dencun upgrade, including EIP-4844, is set to significantly reduce transaction fees on layer 2 blockchains, making DeFi activities much cheaper. MakerDAO is adjusting borrowing rates after its peg-stability mechanism nearly ran out of funds, and Jito Labs has suspended its mempool to prevent MEV bots from exploiting Solana traders. Additionally, the demand for US dollar leverage in DeFi is increasing, as evidenced by the high utilization of lending protocol Compound's USDC pool.
- Ethereum's Dencun upgrade will make DeFi a lot cheaper to use DLNews
- Ethereum Blockchain Counts Down to 'Dencun' Upgrade, Set to Reduce Fees CoinDesk
- What investors need to know about 'Dencun,' Ethereum's next big tech upgrade CNBC
- Ethereum Software Upgrade Is All About Cost Cutting This Time Bloomberg
- Gnosis Chain premieres Ethereum's Dencun hard fork Blockworks
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