The Ethereum beacon chain officially reached the scheduled height of the Cancun upgrade at 9:55 pm on March 13, Beijing time, and the Dencun upgrade was officially activated. This historic event not only represents another major evolution of the Ethereum network, but also provides many favorable opportunities for investors.
The Cancun upgrade, with EIP-4844 as the core, aims to provide an additional temporary data space for Layer 2 transactions by introducing Blob transactions. This significantly reduces Layer 2 transaction fee costs. This upgrade is an important step in the Ethereum network’s pursuit of greater efficiency, affordability, and scalability.
Significant reduction in transaction costs: Through real tests, it has been proven that some Layer 2 transaction costs have been significantly reduced decline. , zkSync announced on March 14th that it became the first L2 to use Blob, and more projects will follow in the coming days. Before using Blobs, the cost of the zkSync Era sequencer (sequencer) using Calldata was about 0.11 ETH. After using Blobs, its cost dropped to about 0.013 ETH, a decrease of about 88%. Later, Starknet also announced support for blob transactions, and the actual gas fee was reduced to US$0.01. This is undoubtedly a huge benefit for investors and developers who pursue high efficiency and low-cost transactions.
The rise of Layer 2 ecology: The Cancun upgrade will greatly promote the development of Layer 2 ecology, providing a broader stage for various applications such as games and social networking. The maturity of Layer2 technology provides more efficient and low-cost solutions. This change indicates that a new wave of application growth is coming. You can focus on the development of projects and applications such as Optimism, Arbitrum, zkSync and StarkWare.
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The Cancun upgrade is of great significance to the Ethereum ecology and will directly affect Layer 2 development and transaction costs across the Ethereum network. 3EX AI trading platform, as an advanced trading platform, provides users with the ability of AI-assisted trading decisions. In the market changes brought about by the Cancun upgrade, 3EX AI trading can help users:
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JinseFinanceThis means that after the Cancun upgrade, the gas fees of Layer 2 networks such as Optimism and Arbitrum will drop significantly. Some developers estimate that the fees can drop by 75%.
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JinseFinance