Posted 3/12/2024, 3:11:00 PM
Ethereum's Dencun Upgrade Launches Wednesday, Aims to Reduce Fees for Layer-2 Networks
- Ethereum's Dencun upgrade launching Wed, expected to reduce fees for layer-2 networks and users
- Includes "proto-danksharding" which allows layer-2s to post data cheaper, helping them settle more transactions
- Aims to usher in new era of cheaper fees for growing layer-2 rollup networks like Arbitrum and Optimism
- Part of long roadmap to full sharding, but offers short-term fee relief
- Average layer-2 transaction fees expected to drop significantly after changes take effect
