Category: Ethereum
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Decrease In Layer 2 Transaction Fees After Dencun Upgrade and EIP-4844
In the aftermath of the recent Dencun upgrade and the deployment of EIP-4844, there has been a noticeable decline in transaction fees across various Layer 2 (L2) networks. This development marks a significant step forward in addressing the issue of high transaction costs within the Ethereum ecosystem. During the last hour (9:00–10:00 UTC+8), several L2 networks witnessed a considerable reduction in transaction fees. Optimism, for instance, reported an average transaction fee of $0.05, with a median fee of $0.0038. Similarly, Base recorded an average fee of $0.064 and a median fee of $0.0008. Arbitrum and zkSync Era also experienced reductions
The post Decrease In Layer 2 Transaction Fees After Dencun Upgrade and EIP-4844 appeared first on The Merkle News.
Ethereum’s Dencun Upgrade Goes Live, Promises Lower Fees and Enhanced Scalability
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Anticipating The Ethereum Dencun Upgrade: A Major Boost For Scalability And Gas Fee Reduction
The impending Dencun upgrade slated for Ethereum in 2024 heralds a significant advancement poised to enhance the network’s scalability and alleviate the burden of gas fees for layer-2 networks. This upgrade is eagerly awaited as it promises to address longstanding issues within the Ethereum ecosystem, including high transaction costs, sluggish processing speeds, and resource-intensive transactions. At the heart of the upgrade lies EIP-4844, a crucial protocol enhancement designed to drive down gas fees on layer-2 solutions. This move comes as a welcome relief for users grappling with exorbitant transaction charges, particularly on decentralized exchanges (DEXs). With the implementation of EIP-4844,
The post Anticipating The Ethereum Dencun Upgrade: A Major Boost For Scalability And Gas Fee Reduction appeared first on The Merkle News.