News Report Technology
March 14, 2024

Starknet, zkSync, and Optimism Witness High Transaction Fee Reductions Post Dencun Upgrade

In Brief

Layer 2 scaling solutions experienced a notable reduction in transaction fees subsequent to the Ethereum Dencun upgrade.

Starknet, zkSync, and Optimism Witness Significant Transaction Fee Reductions Following Dencun Upgrade

Layer 2 scaling solutions experienced a notable reduction in transaction fees subsequent to the Ethereum (ETH) Dencun upgrade. This enhancement is expected to foster greater transaction volumes, thereby facilitating the advancement of Layer 2 networks.

According to data from OKLink statistics, among zero-knowledge rollups, Starknet‘s average daily transaction fee decreased from $0.98 to $0.5, marking the most significant decline. zkSync Era also experienced a reduction in average daily transaction fees from $0.4 to $0.18.

Among optimistic rollups, Optimism experienced a decrease from $1.01 to $0.04, followed by Base, which witnessed a decline from $0.88 to $0.18. Meanwhile, Arbitrum demonstrated a relatively modest reduction, with average daily transaction fees falling from $0.62 to $0.58.

The significant decrease in transaction costs, coupled with enhanced throughput, is expected to establish a favourable environment for advancing Layer 2 networks and their applications, signalling an upcoming upswing in developments surrounding Layer 2 scaling solutions.

Furthermore, following the upgrade, the cost associated with the zkSync Era sequencer using calldata decreased from 0.11 ETH to 0.013 ETH, marking a notable reduction of roughly 88%.

Dencun Upgrade Introduces ‘Blobs’

The Ethereum Cancun-Deneb Upgrade (Dencun Upgrade) is focused on enhancing the scalability and modularity of Layer 2 networks, increasing security features within the Ethereum network, and improving overall usability.

The update introduces a significant feature known as “blobs,” which are temporary data storage mechanisms designed to efficiently store Layer 2 network information on the main Ethereum blockchain. “Blob” data contributes to a reduction in Layer 2 transaction fees and enhances transaction throughput.

Dencun Upgrade implementation lays the groundwork for future developments in the Ethereum blockchain, including preparations for sharding via EIP-4844, aiming to progress towards a scalable, decentralized, and globally accessible settlement layer.

Following the Dencun upgrade that marked a significant milestone in the journey to enhance the usability of the Ethereum network, the Layer 2 scaling solutions witnessed the first positive effects.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
The End Of Humanity? Breaking Down The AI Doomsday Debate
News Report Technology
The End Of Humanity? Breaking Down The AI Doomsday Debate
July 4, 2025
How AI Platforms Are Reshaping Media: Generative Journalism And Ethical Dilemmas
News Report Technology
How AI Platforms Are Reshaping Media: Generative Journalism And Ethical Dilemmas
July 4, 2025
How AI Turns Startups Into Hypergrowth Giants In Months
News Report Technology
How AI Turns Startups Into Hypergrowth Giants In Months
July 4, 2025
Ondo Finance Acquires Oasis Pro, Alternative Trading System, And Transfer Agent
Business News Report Technology
Ondo Finance Acquires Oasis Pro, Alternative Trading System, And Transfer Agent
July 4, 2025