transaction fees have surged. This increase aligns with the ongoing upward trend in the asset’s price and the network’s preparations for an upgrade to reduce fees in the ecosystem., fees at the start of the month were approximately 6,300 ETH. At the time of this writing, fees have surged to over 9,000 ETH, marking the highest range observed in over ten months.
A key highlight of the Dencun upgrade is its “proto-dank sharding” feature, designed to reduce transaction costs on auxiliary “layer-2” networks built on Ethereum. These blobs serve as a distinct space in a transaction where roll-up networks or other protocols can temporarily store data.volume data provides insight into the recent increase in network fees. According to the chart on Santiment, on 6th March, the transaction volume was over $51 billion.
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