Category: Dencun Upgrade

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Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit

Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken TimsitThe recent surge in Ethereum gas fees can be attributed to the rise in decentralized finance (defi) activity and the growing popularity of layer 2 (L2) chains such as Arbitrum and Optimism, Ken Timsit, managing director of Cronos Labs, has said. Timsit however agreed that the recent Dencun upgrade to the Ethereum network has helped […]

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Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’

Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented 'Blob Contention'Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account for over 40% of blob transactions, leading to a significant increase in network activity. This uptick has resulted in a congestion of blob transactions, pushing […]

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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.

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Ethereum’s Dencun Upgrade Goes Live, Promises Lower Fees and Enhanced Scalability

Ethereum's Dencun Upgrade Goes Live, Promises Lower Fees and Enhanced ScalabilityThe Dencun upgrade was seamlessly integrated into the Ethereum mainnet at 9:55 Eastern Time (ET) on March 13, 2024. The upgrade officially went live at Beacon slot 8626176. Ethereum’s Leap Forward with Dencun Upgrade Expected to drastically lower the transaction costs for layer two (L2) networks, Dencun introduces vital improvements aimed at boosting Ethereum’s scalability. […]

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