Arbitrum

Optimism

ZKsync

<p>The post <a href="https://coinpedia.org/crypto-live-news/layer-2-blockchain-solutions-cost-drop-amidst-ethereums-dencun-upgrade/" rel="noopener noreferrer nofollow">Layer 2 Blockchain Solutions Cost Drop Amidst Ethereum’s Dencun Upgrade</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Ethereum’s Dencun upgrade went live on Wednesday, introducing a mechanism to reduce costs of transactions on layer 2 solutions. The upgrade allows storing data in “blobs” instead of the expensive call data.The average cost of layer 2 solutions- Optimism has dropped to nearly 4 cents, Coinbase’s layer 2 solution fell to 3 cents, while Arbitrum declined to 40 cents. The average fee on zkSync and Zora also fell. Optimism, Arbitrum, and zkSync can now store data in blobs instead of expensive call data at a lower cost. It is believed that the blob mechanism will eventually lead to a 90% slide in transaction costs on layer 2 solutions.</p>

Layer 2 Blockchain Solutions Cost Drop Amidst Ethereum’s Dencun Upgrade

CoinPedia News

Other articles published on Mar 14, 2024

Roughly $165 million in crypto transactions linked to Hamas, report

Crypto Expert Reveals Why XRP Is Primed For Growth In This Bull Market

Bitcoin Opponent Peter Schiff Regrets Not Investing in BTC Earlier

Will DeeStream (DST) Gains Overtake Binance Coin (BNB) & Solana (SOL) By Q4 2024 Market Surge

Bitcoin analyst expects 'big move' as BTC price taps new $73.8K record

Caution: Glassnode Announced That The Bitcoin Market Has Entered The “Very High Risk” Area! Here ...

Join our free newsletter for daily crypto updates!