Ethereum's Dencun Upgrade: Gains, Reduced Fees, and Block Production Impact
Originally Published 1 year ago — by Decrypt
Ethereum's upcoming Dencun upgrade has led to significant gains for layer-2 scaling solutions like Arbitrum, Optimism, and Polygon, with Arbitrum's ARB token rising 11% and holding 41% of the L2 scaling marketshare, while Optimism's OP token has gained 3% and Polygon's MATIC token has surged 18% in the past week. The upgrade is expected to reduce transaction fees by as much as 75% for L2 users, and Ethereum's ETH is trading at $4,055.30, up 1.2% in the past day and 6.5% higher than last week.