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Ethereum Layer 2 chains see nearly 32 million transactions per week after Dencun upgrade

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Ethereum News

Arbitrum,Optimism,Cryptocurrencies

Ethereum Layer 2 gas costs plummeted in response to the Dencun upgrade.

Ethereum Dencun upgrade resulted in a significant decline in Layer 2 gas costs, driving higher on-chain activity to these protocols. Transactions climbed to nearly 32 million per week on Arbitrum, Optimism and Base. Prices of Layer 2 tokens climbed between 1% and 8% on Saturday. Data from intelligence tracker IntoTheBlock show that the Dencun upgrade has reduced the transaction cost of Layer 2 chains and promoted an increase in on-chain activity on these protocols.

The Dencun upgrade resulted in a significant decrease in transaction cost on Layer 2 chains like Arbitrum , Optimism and Base . Transaction fees on Layer 2 chains Data from IntoTheBlock shows an increase in activity on the Layer 2 chains, as users respond to the declining transaction costs. This was anticipated as a result of the Dencun upgrade.

 

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