Ethereum

<ul><li>Coinbase&#39;s Base network achieves a historic milestone with 2 million daily transactions following the Ethereum Dencun upgrade.</li><li>The Dencun upgrade has led to over 60% reduction in transaction fees on Base, attracting 666,866 new users in a single day.</li><li>Base has solidified its position within the Ethereum layer-2 ecosystem, boasting a $1.44 billion total value locked and a 4.1% market share post-upgrade.</li></ul>Coinbase&#39;s Ethereum layer-2 network, Base, experienced a massive surge in daily transactions, hitting <a href="https://dune.com/tk-research/base" rel="noopener noreferrer nofollow">2 million</a> on March 16, a notable increase from around 440,000 transactions per day before the <a href="https://cryptotale.org/what-is-ethereum-dencun-upgrade-and-its-impact/" rel="noopener noreferrer nofollow">Dencun upgrade</a>. Since its launch by Coinbase in August, Base has quickly ascended within the Ethereum layer-2 ecosystem, now boasting a total value locked of $1.44 billion and a <a href="https://l2beat.com/scaling/projects/base" rel="noopener noreferrer nofollow">4.1%</a> market share.The initial jump to 1.1 million transactions the day after the upgrade culminated in reaching 2,064,920 transactions. Simultaneously, daily new users surged to 666,866 on March 16, indicating a 3,200% increase from pre-upgrade figures. This 350% surge in both user engagement and transaction volume is directly linked to the significant drop in transaction fees on Base, which <a href="https://base.blockscout.com/stats" rel="noopener noreferrer nofollow">decreased by over 60%</a> following the upgrade.The Dencun upgrade, facilitated by EIP-4844, significantly <a href="https://dune.com/Marcov/layer-2-transaction-cost" rel="noopener noreferrer nofollow">lowered</a> transaction fees on major layer-2 networks like Arbitrum, Optimism, Base, and zkSync Era by up to 90%. Following the upgrade, fees for token swaps on Uniswap&#39;s Optimism deployment were reduced to as low as $0.01.<a href="https://cryptotale.org/dencun-upgrade-slashes-gas-fees-propells-base-network-to-2-million-transactions/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Dencun Upgrade Slashes Gas Fees, Propells Base Network to 2 Million Transactions

CryptoTale

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