Deprecated: Function is_staging_site is deprecated since version 3.3.0! Use in_safe_mode instead. in /home/dubeshephard/public_html/wp-includes/functions.php on line 6078
Dencun upgrade Archives | Rateweb
Deprecated: Function is_staging_site is deprecated since version 3.3.0! Use in_safe_mode instead. in /home/dubeshephard/public_html/wp-includes/functions.php on line 6078

Dencun upgrade

ethereum

Base Hits 2M Daily Transactions After Upgrade

  • Following the Dencun upgrade, Base’s daily transactions skyrocketed to 2 million on March 16, demonstrating a significant increase from the pre-upgrade level of 440,000 transactions per day.
  • The upgrade led to a drastic reduction in transaction fees on Base, with average fees dropping by more than 60%, making it the sixth-largest network in the Ethereum layer-2 ecosystem with a total value locked of $1.46 billion (approximately R27.42 billion).
  • The Ethereum Dencun upgrade, introducing data blobs or proto-danksharding, significantly reduced gas costs by up to 90% for some networks, contributing to a decrease in average transaction fees across leading layer-2 networks like Arbitrum, Optimism, Base, and zkSync Era by between 60% and 90%.

Base Hits 2M Daily Transactions After Upgrade Read More »

ethereum

Ethereum Dencun Upgrade Slashes Transaction Fees

  • The Ethereum Dencun Upgrade significantly reduces transaction fees for Layer 2 projects, spurring interest in reviving dormant L2 projects.
  • Benefits include lower transaction costs, improved network efficiency, and cost savings for users, positively impacting the crypto ecosystem.
  • Challenges faced by new L2 solution, Blast L2, highlight the upgrade’s broad impact but also showcase the community’s swift response to resolve issues.

Ethereum Dencun Upgrade Slashes Transaction Fees Read More »

Ethereum

Ethereum Surges as Upgrade Looms, South Africa Eyes Gains

  • Ethereum’s price has significantly risen, driven by anticipation for the Dencun upgrade and the potential approval of Ether ETFs by the SEC, alongside nearly $200 million (approximately R3.76 billion) in ETH being burned, reducing its circulating supply and hinting at future price gains.
  • The Dencun upgrade is aimed at solving Ethereum’s scalability issues as part of the “Blockchain Trilemma,” promising to enhance security, scalability, and decentralization, potentially lowering transaction costs for Layer 2 chains.
  • Ethereum’s market dynamics are showing positive signs, with large-wallet investors increasing their holdings, and the crypto community, including South African investors, is closely watching the SEC’s decision on Spot Ethereum ETFs, which could lead to significant institutional investment and further elevate Ethereum’s market value.

Ethereum Surges as Upgrade Looms, South Africa Eyes Gains Read More »