Coinspeaker
Ethereum Developers Activated Dencun Upgrade, ETH Price Ready for ATH
The Ethereum (ETH) network has over the years improved its infrastructure to seamlessly on-board millions of web3 users around the world. After successfully transitioning from the power-hungry Proof-of-Work (PoW) consensus to a more sustainable Proof-of-Stake (PoS) method through the merge event and the Shanghai upgrade, the Ethereum network has doubled further.
On Wednesday, the Ethereum core developers activated the much-awaited Dencun upgrade on the mainnet at epoch 269568.
As a result, the Ethereum-based layer two (L2) networks – led by Arbitrum (ARB), Optimism (OP), Polygon (MATIC), and Starknet (STRK), among others – can now offer competitive transaction fees.
Ethereum L2 Reacts Promptly
According to a screenshot shared by Starknet’s official X account, the Starknet network synchronized the Dencun upgrade on Wednesday. As a result, the Starknet gas fee dropped to about $0.01-0.04.
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