Arbitrum's ARB, Polygon's MATIC Lead Gains as Ethereum's Dencun Upgrade Goes Live

Tokens of Polygon, Arbitrum and Starknet led gains while Immutable X and Celo declined.added 8%-10% before the upgrade, retracing some of the advance by the time the upgrade kicked in at 13:55 UTC. The two are still up 6%-7% over the past 24 hours, while METIS' 2% gain outperformed the broad-markethad been falling until the upgrade activated, then shot up almost 10%, erasing earlier losses. It was recently 6% higher over 24 hours.

Gaming-focused L2 Immutable XDencun, considered the biggest milestone for the ecosystem in almost a year, introduced a new way of storing data on the. The change was forecast to cut transaction costs on L2 networks to a few cents, and expected to spur activity and attract more applications.that ether could see a correction as anticipation for the upgrade passes and diminishing probability of a spot ether ETF being approved in the U.S. in the near future.

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