{"id":11594,"date":"2024-03-14T12:35:12","date_gmt":"2024-03-14T10:35:12","guid":{"rendered":"https:\/\/forklog.com\/en\/dencun-update-significantly-reduces-fees-in-layer-2-networks\/"},"modified":"2024-03-14T12:35:12","modified_gmt":"2024-03-14T10:35:12","slug":"dencun-update-significantly-reduces-fees-in-layer-2-networks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dencun-update-significantly-reduces-fees-in-layer-2-networks\/","title":{"rendered":"Dencun Update Significantly Reduces Fees in Layer 2 Networks"},"content":{"rendered":"<p>Following the activation of the Dencun hard fork on the Ethereum mainnet, gas fees in Layer 2 networks implementing EIP-4844 have decreased significantly.  <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/wZNHHvzD1e8X-70DU1j_SP7_9Kt0nv1Mp_S044x9OY6PdlatQ4ckxmwFPp57oimkhf9s0frvzJ8PlRMkaedYvg2hIDpRrFhEK2k8JiSLbYjrKDE48sqlnHa_KcTMCpe9smjY-wrUBZccHO7cWy7foq0\" alt=\"\u041e\u0431\u043d\u043e\u0432\u043b\u0435\u043d\u0438\u0435 Dencun \u0432 \u0440\u0430\u0437\u044b \u0441\u043d\u0438\u0437\u0438\u043b\u043e \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 \u0432 L2-\u0441\u0435\u0442\u044f\u0445\"\/><figcaption class=\"wp-element-caption\">Average fees in L2 solutions. Data: <a href=\"https:\/\/dune.com\/Marcov\/layer-2-transaction-cost\">Dune<\/a>. <\/figcaption><\/figure>\n<p>The key component of the update is the <a href=\"https:\/\/www.eip4844.com\/\">Proto-Danksharding<\/a> function, designed to scale the blockchain by creating a new type of transaction for large binary data arrays (BLOB). <\/p>\n<p>The main goal of Dencun was to reduce fees for L2 solutions, particularly those based on Rollup technology.<\/p>\n<p>According to user Marcov&#8217;s dashboard on Dune, gas fees in the Base protocol dropped from $0.7 (as of March 13 before the hard fork launch) to $0.0024 at the time of writing. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">after 2 years of hard work, blobs are now live on <a href=\"https:\/\/twitter.com\/base?ref_src=twsrc%5Etfw\">@base<\/a><\/p>\n<p>before: $0.31<br \/>after: $0.00 (but actually $0.0005)<\/p>\n<p>wallets need to update to handle these cost reductions! <a href=\"https:\/\/t.co\/solIX9D4HM\">pic.twitter.com\/solIX9D4HM<\/a><\/p>\n<p>\u2014 Jesse Pollak (jesse.xyz) ?\ufe0f (@jessepollak) <a href=\"https:\/\/twitter.com\/jessepollak\/status\/1768071129854562698?ref_src=twsrc%5Etfw\">March 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In Optimism, transaction costs fell from $0.66 to $0.0055, and in zkSync from $0.32 to $0.097. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">?We can&#8217;t believe our eyes.<\/p>\n<p>We&#8217;re seeing <$0.001 transactions right now.<\/p>\n<p>\u2014 Optimism (@Optimism) <a href=\"https:\/\/twitter.com\/Optimism\/status\/1768076340803367305?ref_src=twsrc%5Etfw\">March 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The lowest fees were recorded in Zora, at $0.0009. <\/p>\n<p>Fees in Arbitrum changed the least, as developers have yet to activate the update. On March 14, the project team plans to implement the ArbOS upgrade, which will add support for BLOB transactions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Blobs are finally on Ethereum, here&#8217;s an update on Arbitrum support!<\/p>\n<p>1\u20e3 Tomorrow, all Arbitrum rollup chains can start to see lower fees as a result of Dencun x ArbOS Atlas upgrade.<\/p>\n<p>2\u20e3 March 18th there will be additional fee reductions for Arbitrum One, as per ArbOS Atlas.<\/p>\n<p>\u2014 Arbitrum (?,?) (@arbitrum) <a href=\"https:\/\/twitter.com\/arbitrum\/status\/1767956874031444286?ref_src=twsrc%5Etfw\">March 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>StarkNet also saw a reduction in fees. Argent, one of the largest wallet providers in the L2 network, noted that the swap fee in the protocol dropped to $0.04 compared to more than $6.8 a few days before Dencun.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">$0.04 for an in-app swap on Argent X ?<\/p>\n<p>a couple of days ago, it was $6.82.<\/p>\n<p>congratulations <a href=\"https:\/\/twitter.com\/Starknet?ref_src=twsrc%5Etfw\">@Starknet<\/a>, low fees are back! <a href=\"https:\/\/t.co\/K500eNDh42\">pic.twitter.com\/K500eNDh42<\/a><\/p>\n<p>\u2014 Argent \u2014 Starknet Wallet (@argentHQ) <a href=\"https:\/\/twitter.com\/argentHQ\/status\/1767917028013224370?ref_src=twsrc%5Etfw\">March 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, on the Ethereum mainnet, gas fees remained at previous levels \u2014 around $4 at 45 Gwei.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/DfiBFVST1sQ1DDL044BjbL28YjVyWh0T0TEa5UYFZi3AzXNVUe07EhACsPBfrO72isCS9CcIo0d0soe7aPpU7WgquekE6A7sY63gL_6cogwkcBP0ROND7E9PMaT1U6xSmEFabLexGW32qrOAp2F7plo\" alt=\"\u041e\u0431\u043d\u043e\u0432\u043b\u0435\u043d\u0438\u0435 Dencun \u0432 \u0440\u0430\u0437\u044b \u0441\u043d\u0438\u0437\u0438\u043b\u043e \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 \u0432 L2-\u0441\u0435\u0442\u044f\u0445\"\/><figcaption class=\"wp-element-caption\">Gas prices in Ethereum. Data: <a href=\"https:\/\/etherscan.io\/gastracker\">Etherscan<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Future Plans<\/strong><\/h2>\n<p>In a Warpcast post, Ethereum co-founder Vitalik Buterin announced the achievement of &#8220;basic rollup scaling.&#8221; This is one of the stages of the second phase of The Surge blockchain roadmap. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/K5kMdFKizS-F42mX8okKJxXnCTzqzFXT3wZly4MlEftpcRibPscjgszCOx-_-UaeEh0fAjRk3YqwI5I8cecTkUvRa5maBrBKXGdINSI9EKgePu3ixAxDff5OeBW0AOztDYoX0PN6dghYLFuQe6oNBVs\" alt=\"\u041e\u0431\u043d\u043e\u0432\u043b\u0435\u043d\u0438\u0435 Dencun \u0432 \u0440\u0430\u0437\u044b \u0441\u043d\u0438\u0437\u0438\u043b\u043e \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 \u0432 L2-\u0441\u0435\u0442\u044f\u0445\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/warpcast.com\/vitalik.eth\/0x176f9f34\">Warpcast<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The next milestones are likely to be <a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-highlights-the-benefits-of-verkle-trees\">Verkle trees<\/a> and the expiration of [transaction] history storage,&#8221; Buterin noted.<\/p>\n<\/blockquote>\n<p>According to the stated plan, the further goal is the implementation of &#8220;full rollup scaling&#8221; and achieving 100,000 transactions per second. <\/p>\n<p>Coinbase CEO Brian Armstrong emphasized that reducing gas costs in L2 networks &#8220;opens up many avenues for cryptocurrency applications.&#8221; <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is huge<\/p>\n<p>Reducing transaction fees and confirmation times on Layer 2 will open up so many more use cases for crypto.<\/p>\n<p>We&#8217;re finally getting scalability. <a href=\"https:\/\/t.co\/X7K3TzkMno\">https:\/\/t.co\/X7K3TzkMno<\/a><\/p>\n<p>\u2014 Brian Armstrong ?\ufe0f (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1768091017021116562?ref_src=twsrc%5Etfw\">March 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Other ecosystems have also decided to follow Ethereum&#8217;s example. BNB Chain introduced a major upgrade <a href=\"https:\/\/bnbchain.ghost.io\/bep-336-evolving-bnb-smart-chain-with-blob-transactions\/\">BEP-336<\/a>, modeled after EIP-4844. <\/p>\n<p>The update aims to optimize data storage and processing in the blockchain, significantly reducing transaction costs and enhancing network performance. <\/p>\n<p>As reported by Grayscale experts, the launch of Dencun <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-ethereum-to-mature-with-dencun-launch\">will help Ethereum<\/a> &#8220;mature&#8221; by increasing scalability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the activation of the Dencun hard fork on the Ethereum mainnet, gas fees in Layer 2 networks implementing EIP-4844 have decreased significantly. Average fees in L2 solutions. Data: Dune. The key component of the update is the Proto-Danksharding function, designed to scale the blockchain by creating a new type of transaction for large binary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,46,1179,1150],"class_list":["post-11594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-ethereum","tag-layer-2-solutions","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"53","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11594"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11593"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}