Ethereum

Arbitrum

Optimism

Polygon

Coin

<ul class="news-points"> 
 <li>The Dencun upgrade went live on Ethereum on March 13.&nbsp;</li> 
 <li>Fees for using L2 networks dipped significantly.</li> 
 <li>There are at least 40 rollups on Ethereum, and 35 are currently under development.</li> 
</ul> 
The Dencun upgrade went live on the Ethereum network on March 13, which resulted in a significant drop in the fees required to use L2 networks like Arbitrum, Optimism, zkSync, and Coinbase’s Base.&nbsp; 
As per the data from <a href="http://l2fees.info" target="_blank" rel="nofollow">l2fees.info</a>, a website capable of tracking the network fees of using L2 networks, the cost of using Optimism dropped to less than $0.01, that of using StarkNet stands at $0.05, and that of Polygon zkEVM is $0.39. Additionally, the fees for Arbitrum One currently amount to $0.40.&nbsp; 
The data from L2BEAT <a href="https://l2beat.com/scaling/summary" target="_blank" rel="nofollow">shows</a> that there are 40 rollups on Ethereum, while at least 35 are currently under development. Jack Gorman, a data scientist at the VC firm Variant Fund, <a href="https://dune.com/jhackworth/i-loves-l2s" target="_blank" rel="nofollow">showed</a> that these L2s have witnessed twice as many transactions as Ethereum itself over the past year. 
Notably, using the Ethereum Layer 1 network is considered expensive, and as per the co-creator of the blockchain, Vitalik Buterin, the Dencun upgrade is <a href="https://coinedition.com/ethereums-dencun-upgrade-may-reduce-gas-fee/">expected to reduce the transaction fee</a> significan…
The post <a href="https://coinedition.com/after-the-dencun-upgrade-l2-network-fees-have-dropped/">After the Dencun Upgrade, L2 Network Fees Have Dropped!</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

After the Dencun Upgrade, L2 Network Fees Have Dropped!

Coin Edition

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