Ethereum's latest update, Dencun, has significantly reduced transaction fees on its Layer 2 network, with reductions ranging from 50% to 98%. The update, which combines two major upgrades, has already resulted in Layer 2 fees dropping to an average of $0.40. This development paves the way for the upcoming Proto-Danksharding upgrade. Following the Dencun upgrade, the median cost of trade fees on Uniswap has decreased by 96%. Additionally, the cost of sending data to Ethereum via Layer 2 solutions like Optimism, Arbitrum, and zkSync has seen dramatic decreases. For instance, Optimism's fees dropped from $307.91 to $4.18, Arbitrum's from $297.87 to $31.59, and zkSync's from $320.75 to $36.5. These reductions are part of the broader impact of the Dencun upgrade, which is also expected to benefit Ethereum rollups with fee drops reported up to 99% in some cases.
#Ethereum Rollups Start Harvesting #Dencun Benefits: 99% Fee Drops Reported in Some Cases https://t.co/SauPE19QWa
🎉 @base creator @JessePollak says his Layer 2 blockchain has seen fee reductions of as much as 1,000 times since #Ethereum’s #Dencun upgrade went live. Listen to @Unchained_Pod 👇 Spotify 🎧 https://t.co/8hNXmMhuIh Apple 🎧 https://t.co/pjzq2uf1Ov 🔗 https://t.co/o0RbQTIplu https://t.co/jBmcTntSoR
#Ethereum Rollups Start Reaping #Dencun Benefits: 99% Fee Drops Reported in Some Cases https://t.co/SauPE19QWa
After the Dencun upgrade, the cost of L2 sending data to Ethereum was significantly reduced. Optimism dropped from $307.91 to $4.18; Arbitrum dropped from $297.87 to $31.59; zkSync dropped from $320.75 to $36.5; the data costs of L2 such as Base, Zora and Mode all dropped by more…
A couple days ago, Ethereum's Dencun upgrade went live - so, what's next on the Ethereum roadmap? Ledger Academy breaks it down: https://t.co/nZIMUoT680 https://t.co/idDiD1lwXU
⬇️Transaction fees on Layer 2 network have dropped by between 50% and 98% following the activation of Ethereum Dencun upgrade. The median cost of trade fees on Uniswap is also down 96% 👀 Read More: https://t.co/R8HTSm882E https://t.co/YC2BifXkaS
🚨Dencun is Ethereum's latest big update. It's a combo of two updates aimed at making Ethereum L2’s cheaper to use. Layer 2 fees have already dropped to an average of $.40 🤯 This upgrades paves the way for the Proto-Danksharding upgrade. This might sound complex, but it’s… https://t.co/NiA0tEduQJ