Ethereum

Zero

Aether Games

Wagmi

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<p>The much-anticipated <a href="https://coinmarketcap.com/community/articles/65f316a6767e7d0693648d68/" rel="noopener noreferrer nofollow">Dencun upgrade</a> for <a href="https://ethereum.org/en/" rel="noopener noreferrer nofollow">Ethereum</a> has finally arrived, ushering in a new era of scalability for the blockchain. Reports indicate that this upgrade will significantly reduce transaction fees on layer 2 solutions, such as <a href="https://arbitrum.io/" rel="noopener noreferrer nofollow">Arbitrum</a>, <a href="https://www.optimism.io/" rel="noopener noreferrer nofollow">Optimism</a>, and the base layer from <a href="https://www.coinbase.com/" rel="noopener noreferrer nofollow">Coinbase</a>. Projections suggest fee reductions of up to 99% for some layer 2 chains, making transactions virtually free.</p>
<p>The base layer from Coinbase seems to be one of the biggest beneficiaries of this upgrade. According to Jesse Pollack, the lead of Coinbase's base team, fees on base have dropped to just 0.0005 ETH per transaction post-Dencun. This makes base the fastest and cheapest way to send Ethereum, even outperforming the highly-touted Solana blockchain. The upgrade sets the stage for further scaling of layer 2 solutions, with the potential for increasing capacity every 6 to 12 months.</p>
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<p>One of the key advantages of the reduced fees is the potential for decentralized applications (dapps) to cover the gas costs for their users. This strategy is already being implemented by projects like Optimism, which has launched a $3 million fund to cover gas fees for on-chain apps, effectively making them free to use for end-users. This could attract a new cohort of users to the Web3 ecosystem.</p>
<p>Other layer 2 solutions, such as Polygon and Avalanche, are also set to benefit from the Dencun upgrade, albeit with slightly different timelines. Polygon's zkVM is estimated to go live on the mainnet around May 1st, while Avalanche's support for the upgrade is expected later this year. Additionally, the cross-chain DEX dYdX (formerly known as <a href="https://dexalot.com/" rel="noopener noreferrer nofollow">Dexalot</a>) has announced its upcoming launch on Arbitrum, which could further boost the platform's adoption.</p>
<p>The migration of projects to layer 2 solutions is already underway, with popular gaming platforms like <a href="https://wagmi.sh/" rel="noopener noreferrer nofollow">Wagmi</a> and <a href="https://aethergames.io/" rel="noopener noreferrer nofollow">Aether Games</a> exploring a move to base and Avalanche, respectively. This shift highlights the growing importance of layer 2 scalability and the potential for these solutions to drive the next wave of innovation and adoption in the Web3 space.</p>
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Ethereum Gas Fee Upgrade SHOCKING RESULTS! | Coinbase Fees Go to Zero

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