COIN - Ethereum Dencun Upgrade Drops Layer-2 Fees By 99% | Benzinga
Ethereum (CRYPTO: ETH) has achieved a significant milestone with the completion of a substantial software update, dubbed Dencun, aimed at reducing the cost of utilizing its Layer-2 solutions
What Happens: Networks such as Arbitrum (CRYPTO: ARB), Polygon (CRYPTO: MATIC) and Coinbase Global Inc.’s (NASDAQ: COIN) Base, which scale Ethereum, can now execute transactions that previously cost up to $1 for just a cent.
Moreover, transactions that were a few cents are now reduced to a fraction of a cent.
The Dencun update, named after combining "Deneb" and "Cancun," represents a groundbreaking shift in the ...