Arbitrum

Starknet

Impact

Base

zkSync

<p><a href="https://www.cryptopolitan.com/blast-big-bang-ethereum-layer-2-ecosystem/" rel="noopener noreferrer nofollow">Ethereum Layer 2</a> solutions have witnessed a significant reduction in transaction costs following the implementation of the Dencun upgrade. This upgrade introduced a new transaction type known as blobs, which have proven instrumental in slashing fees across various Layer 2 chains.</p>
<h2 class="wp-block-heading" id="strong-impact-of-ethereum-dencun-upgrade-on-transaction-fees-strong"><strong>Impact of Ethereum Dencun upgrade on transaction fees</strong></h2>
<p>The integration of blobs has notably decreased transaction fees on major Layer 2 chains, bringing relief to Ethereum users. Chains like Optimism’s Base and OP Mainnet, as well as others such as zkSync and Starknet, have experienced substantial drops in median gas fees. For instance, median gas fees on Base plummeted from approximately $0.5 to a mere $0.0012 following the Dencun upgrade. Similarly, Starknet witnessed significant reductions in fees, with average swap fees dropping from over $6.8 to $0.04.</p>
<p>Despite the widespread success of the <a href="https://www.cryptopolitan.com/ethereums-dencun-upgrade-goes-live/" rel="noopener noreferrer nofollow">Dencun upgrade</a>, Arbitrum One, one of the most utilized Layer 2 solutions, is yet to adopt these improvements. However, it is slated to roll out its ArbOS upgrade shortly, which will introduce support for blobs on Arbitrum rollup chains. This integration is expected to enhance further the efficiency and cost-effectiveness of transactions on the network.</p>
<h2 class="wp-block-heading" id="strong-anticipated-challenges-and-considerations-strong"><strong>Anticipated challenges and considerations</strong></h2>
<p>While the adoption of blobs has undeniably led to a significant reduction in transaction fees across <a href="https://dune.com/Marcov/layer-2-transaction-cost" rel="noopener noreferrer nofollow" target="_blank">Ethereum Layer 2 chains</a>, challenges may arise in the future. As more rollups implement blobs, competition for blob space is likely to intensify, potentially leading to slightly higher transaction costs. Moreover, with over 3000 blobs already utilized, there may be concerns regarding the scalability and sustainability of this approach in the long run. However, despite these potential challenges, the overall impact of the Dencun upgrade on reducing transaction fees within the Ethereum ecosystem remains promising.</p>
<p>The successful implementation of the Dencun upgrade underscores Ethereum’s commitment to enhancing scalability and reducing transaction costs for its users. With Layer 2 solutions leveraging blobs to optimize fee structures, Ethereum continues to solidify its position as a leading blockchain platform for decentralized applications and financial activities.</p>

Ethereum’s Dencun upgrade slashes layer 2 transaction fees

목차

Cryptopolitan_News

2024년 3월 14일에 게재된 다른 기사

Crypto whale made $37.8 mln profit as SOL surge to $169

Froggies Token: Leaping Towards a New Era of Cryptocurrency Innovation and Community Engagement

Ethena Partners with Ceffu for MirrorX Solution on Binance

Major Developments at EigenLayer: Preparing for Mainnet Launch

Mem Token Craze Continues! Finally, Famous CEO Raoul Pal Also Participated and Announced the Altc...

Bitcoin mining difficulty reaches new all-time high

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!