"Ethereum's Dencun Upgrade Drives Significant Cost Reduction for Layer 2 Blockchains"
TL;DR
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.
Topics:businesscryptocurrencyblockchain-technology#cryptocurrencyblockchain-technology#dencun-upgrade#ethereum#layer-2-solutions#rollups#transaction-costs
- Layer 2 Blockchains Become Cheaper After Ethereum's Dencun Upgrade CoinDesk
- Ethereum Layer 2s show a dramatic drop in transaction fees after Dencun The Block
- Ethereum's fix for its gas fee problem is now live: What you need to know about the Dencun upgrade Fortune
- What investors need to know about 'Dencun,' Ethereum's next big tech upgrade CNBC
- Ethereum L2s median transaction fees decline as much as 99% post-Dencun upgrade Cointelegraph
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