{"id":11618,"date":"2024-03-14T20:15:50","date_gmt":"2024-03-14T18:15:50","guid":{"rendered":"https:\/\/forklog.com\/en\/arbitrum-developers-to-slash-l2-transaction-costs-tenfold\/"},"modified":"2024-03-14T20:15:50","modified_gmt":"2024-03-14T18:15:50","slug":"arbitrum-developers-to-slash-l2-transaction-costs-tenfold","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arbitrum-developers-to-slash-l2-transaction-costs-tenfold\/","title":{"rendered":"Arbitrum Developers to Slash L2 Transaction Costs Tenfold"},"content":{"rendered":"<p>The team at Offchain Labs has implemented an update to ArbOS, also known as Atlas. This upgrade will introduce support for BLOB transactions, aimed at reducing the cost of transferring data from L2 to the Ethereum mainnet.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The blobs have landed on Arbitrum! ?<\/p>\n<p>? ArbOS 20 &#8220;Atlas&#8221; is now live, blobs are in effect, reducing data posting costs.<\/p>\n<p>\u26fd Additional execution gas fee reductions for Arbitrum One will go live on March 18.<\/p>\n<p>More details below ?<a href=\"https:\/\/t.co\/amVT5EnQWE\">https:\/\/t.co\/amVT5EnQWE<\/a> <a href=\"https:\/\/t.co\/pyS9AVORFF\">pic.twitter.com\/pyS9AVORFF<\/a><\/p>\n<p>\u2014 Arbitrum (?,?) (@arbitrum) <a href=\"https:\/\/twitter.com\/arbitrum\/status\/1768306107318178061?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 activation of Dencun on the network of the second-largest cryptocurrency by market capitalization took place on March 13. A key component of the upgrade is <a href=\"https:\/\/forklog.com\/en\/news\/how-eip-4844-will-affect-ordinary-ethereum-users\">EIP-4844<\/a>.<\/p>\n<p>To integrate the new type of transactions, L2 networks need to update their software.\u00a0<\/p>\n<p>The Arbitrum community almost unanimously <a href=\"https:\/\/snapshot.org\/#\/arbitrumfoundation.eth\/proposal\/0x813a366e287a872ada13d4f8348e771c7aa2d8c3cb00b2be31539ceab5627513\">supported<\/a> Atlas, which includes most of the changes implemented in the recent upgrade.<\/p>\n<p>Other layer-two networks\u2014Optimism, Base, and Starknet\u2014have significantly improved gas efficiency thanks to Dencun.\u00a0<\/p>\n<p>Offchain Labs representatives anticipate a tenfold reduction in the average base fee\u2014from 0.1 Gwei to 0.01 Gwei. An operation that previously cost $0.5 will now cost users approximately $0.05.<\/p>\n<p>Arbitrum leads among L2 protocols in terms of total value locked (TVL), with the figure approaching $16 billion, according to <a href=\"https:\/\/l2beat.com\/scaling\/summary\">L2BEAT<\/a>.\u00a0<\/p>\n<p>Previously, the opBNB layer-two network from BNB Chain developers surpassed Arbitrum in transaction numbers.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team at Offchain Labs has implemented an update to ArbOS, also known as Atlas. This upgrade will introduce support for BLOB transactions, aimed at reducing the cost of transferring data from L2 to the Ethereum mainnet.<\/p>\n","protected":false},"author":1,"featured_media":11617,"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":[1335,1178,1179],"class_list":["post-11618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arbitrum-arb","tag-blockchain-fees","tag-layer-2-solutions"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11618","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=11618"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11617"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}