tl;dr
The Dencun upgrade went live on the Ethereum network on March 13, resulting in a significant drop in fees required to use L2 networks like Arbitrum, Optimism, zkSync, and Coinbase’s Base. As per the data from l2fees.info, the cost of using Optimism dropped to less than $0.01, StarkNet at $0.05, and ...
The Dencun upgrade went live on the Ethereum network on March 13, resulting in a significant drop in fees required to use L2 networks like Arbitrum, Optimism, zkSync, and Coinbase’s Base.
As per the data from l2fees.info, the cost of using Optimism dropped to less than $0.01, StarkNet at $0.05, and Polygon zkEVM at $0.39. The fees for Arbitrum One currently amount to $0.40. Additionally, there are 40 rollups on Ethereum, and at least 35 are currently under development. Once the upgrade is fully adopted across networks, it is expected that the cost of using L2 networks will drop tenfold.
Layer 2 tokens such as Arbitrum (ARB), Optimism (OP), Lido DAO (LDO), and Metis (METIS) saw increased interest from investors after the Dencun upgrade. It is important to note that QCP Capital, a crypto asset trading firm, predicted that the price of Ethereum (ETH) could fall in the near future despite the Dencun upgrade, with ETH’s risk reversals turning negative for upcoming expiries, suggesting that investors are more worried about prices dropping.
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