Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Ethereum Dencun Upgrade Leads to Significant Drop in L2 Network Transaction Fees

Ethereum Dencun Upgrade Leads to Significant Drop in L2 Network Transaction Fees

CointimeCointime2024/03/14 08:09
By:Cointime

The highly anticipated Ethereum Dencun upgrade was successfully deployed on the Ethereum mainnet on March 13th, resulting in a significant drop in gas fees for Ethereum-based Layer 2 platforms within 24 hours. The integration of EIP-4844 has led to notable reductions in transaction fees across various Layer 2 networks, with average and median fees dropping during a specific hour. The introduction of blobs to the Ethereum ecosystem is seen as a catalyst to invigorate the network and coincide with the influx of new users, providing them with an opportunity to engage with Ethereum without encountering high transaction fees. While fees on blob-enabled Layer 2 solutions are currently low, it is expected that they will gradually increase over time as demand for blobs grows.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Flash Thursday: Buy crypto with a credit/debit card for zero fees

Every Thursday, enjoy zero fees when using your local fiat currency with a credit or debit card ( Visa, Mastercard, Google Pay Apple Pay)! Buy Crypto Promotion period: Every Thursday 8:00 PM – Friday 8:00 PM (UTC+8) Promotion rules Sign up for a Bitget account or log in to your existing account. Na

Bitget Announcement2024/11/14 02:24