DENCUN
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Linea has implemented EIP-4844 on its mainnet via Alpha v3 version to decrease data availability costs and enhance Layer2 scalability.
#LineaBuild #EIP-4844 #DENCUN
#LineaBuild #EIP-4844 #DENCUN
#Ethereum(ETH) Developers Aim for #DENCUN Upgrade on March 13, Bringing Cost-Efficiency to the Blockchain.
Ethereum developers have marked March 13 as a pivotal date for the highly anticipated Dencun upgrade. This milestone signals the most significant changes to Ethereum since April 2023, promising exciting advancements for the blockchain.
Dencun, a fusion of Cancun and Deneb upgrades, encompasses enhancements in execution and consensus layers. Notably, proto-danksharding (EIP-4844) introduces "blobs," enabling efficient off-chain data storage and access, ultimately driving down transaction costs.
This innovation is a game-changer for Ethereum's decentralized applications (dapps), particularly Layer 2 rollup chains, as it tackles storage demands and paves the way for more scalable and cost-effective data processing.
The decision to set the upgrade date came after a successful Holesky testnet deployment, where no issues were encountered. With previous rollouts on Goerli and Sepolia testnets, Ethereum's progress is steady and robust.
#Write2Earn #TrendingTopic #Launchpool $ETH
Ethereum developers have marked March 13 as a pivotal date for the highly anticipated Dencun upgrade. This milestone signals the most significant changes to Ethereum since April 2023, promising exciting advancements for the blockchain.
Dencun, a fusion of Cancun and Deneb upgrades, encompasses enhancements in execution and consensus layers. Notably, proto-danksharding (EIP-4844) introduces "blobs," enabling efficient off-chain data storage and access, ultimately driving down transaction costs.
This innovation is a game-changer for Ethereum's decentralized applications (dapps), particularly Layer 2 rollup chains, as it tackles storage demands and paves the way for more scalable and cost-effective data processing.
The decision to set the upgrade date came after a successful Holesky testnet deployment, where no issues were encountered. With previous rollouts on Goerli and Sepolia testnets, Ethereum's progress is steady and robust.
#Write2Earn #TrendingTopic #Launchpool $ETH
The Ethereum network's "Dencun Upgrade" introduces proto-danksharding (EIP-4844) to significantly lower gas fees on Layer 2 solutions, combining Deneb, a Cygnus star, and Cancun, the host city of Devcon 3.
#HotTrends #ETH #DencunUpgrade #DENCUN #Ethereum(ETH)
#HotTrends #ETH #DencunUpgrade #DENCUN #Ethereum(ETH)
#Altcoin market cap (TOTAL2) perspective during the 2024-2025 period
1. A strong hopium dose for those who regret missing out on recent growth waves. đ
The reality is that TOTAL2 still needs to increase by over 40% to reach its ATH from 2021, and we are currently approaching the #Bitcoin Halving 2024 (orange line).
The growth potential after the Halving can be referenced to the first orange line, which represents the Halving 2020 zone.
The extent of the money rocket đ this season can only be accurately answered with time. (I drew the $5000b mark just for illustration, considering a modest increase based on the previous cycle)
2. đ„ With major catalysts in 2024-2025, such as
- The explosion of #AI Countries and major corporations driving the development of AI, applying Blockchain, and expanding products/services in the Web3 space.
- ETFs unlocking traditional money flow.
- FED starting to cut interest rates and implementing QE, with spillover effects on major economic sectors.
- Mr. Trump comeback? đ
- "Spiritual" factors indicating that 2024 is the year to go all in spot đ
...
and some other "injection" batches yet to be unsealed :))
Do you think the growth wave from 2023 until now can be called massive? Absolutely not yet!
It's merely the beginning.
Will this bull run only stop at the end of 2025 like previous cycles, or will it continue to extend into the following years to break the 4-year cycle patternâ
With the current parameters, any prediction is merely speculative; all we can say is "sky is the limit" đ€·ââïž
3. In conclusion
History serves as a reference, while the future is painted by the bookmakers
Our task is to prepare well and be ready to ride the upcoming "tsunamis," avoiding being swept away by margins and futures before reaching the vast ocean and finding our own One Piece.
Wishing you peace and great success, my friends! đ
#TrendingTopic #BTC #Layer2 #DENCUN
$ETH $SOL $NFP
The reality is that TOTAL2 still needs to increase by over 40% to reach its ATH from 2021, and we are currently approaching the #Bitcoin Halving 2024 (orange line).
The growth potential after the Halving can be referenced to the first orange line, which represents the Halving 2020 zone.
The extent of the money rocket đ this season can only be accurately answered with time. (I drew the $5000b mark just for illustration, considering a modest increase based on the previous cycle)
2. đ„ With major catalysts in 2024-2025, such as
- The explosion of #AI Countries and major corporations driving the development of AI, applying Blockchain, and expanding products/services in the Web3 space.
- ETFs unlocking traditional money flow.
- FED starting to cut interest rates and implementing QE, with spillover effects on major economic sectors.
- Mr. Trump comeback? đ
- "Spiritual" factors indicating that 2024 is the year to go all in spot đ
...
and some other "injection" batches yet to be unsealed :))
Do you think the growth wave from 2023 until now can be called massive? Absolutely not yet!
It's merely the beginning.
Will this bull run only stop at the end of 2025 like previous cycles, or will it continue to extend into the following years to break the 4-year cycle patternâ
With the current parameters, any prediction is merely speculative; all we can say is "sky is the limit" đ€·ââïž
3. In conclusion
History serves as a reference, while the future is painted by the bookmakers
Our task is to prepare well and be ready to ride the upcoming "tsunamis," avoiding being swept away by margins and futures before reaching the vast ocean and finding our own One Piece.
Wishing you peace and great success, my friends! đ
#TrendingTopic #BTC #Layer2 #DENCUN
$ETH $SOL $NFP
Ethereumâs Dencun upgrade, which introduces a scaling technology called proto-danksharding, is getting closer to its mainnet launch.
The upgrade was successfully deployed on the Sepolia testnet on Tuesday, with no major issues reported. This was the second testnet deployment, after Goerli earlier this month.
The final testnet, Holesky, is planned for Feb. 7. If everything goes well, the Ethereum team will announce the date for the mainnet launch of Dencun.
#ethereum #DENCUN #Write2Earn #eth #EthereumHigh
The upgrade was successfully deployed on the Sepolia testnet on Tuesday, with no major issues reported. This was the second testnet deployment, after Goerli earlier this month.
The final testnet, Holesky, is planned for Feb. 7. If everything goes well, the Ethereum team will announce the date for the mainnet launch of Dencun.
#ethereum #DENCUN #Write2Earn #eth #EthereumHigh
Nethermind has launched client v1.25.4, preparing for Dencun's upgrade on Ethereum mainnet and Gnosis chain.
đ 11 March - Gnosis chain Dencun hardfork
đ 13 March - Ethereum Dencun hardfork
#Nethermind #DENCUN #Ethereum2024 #Ethereum(ETH)
đ 11 March - Gnosis chain Dencun hardfork
đ 13 March - Ethereum Dencun hardfork
#Nethermind #DENCUN #Ethereum2024 #Ethereum(ETH)
Ethereum's gas fees got you down? đ The Dencun upgrade is here!
This new tech rollout brings cheaper transactions to popular Layer 2 networks like $ARB $MATIC & $OP đĄ
Transactions are stored separately using a new method called "proto-danksharding," leading to lower fees đ°
But wait, there's more! Experts predict a fee war among layer-2 solutions, which could drive prices even lower đȘ
Stay tuned for exciting developments in the Ethereum ecosystem! đą
#DENCUN #DencunUpgrade #ETH #arbirtum #Optimism
This new tech rollout brings cheaper transactions to popular Layer 2 networks like $ARB $MATIC & $OP đĄ
Transactions are stored separately using a new method called "proto-danksharding," leading to lower fees đ°
But wait, there's more! Experts predict a fee war among layer-2 solutions, which could drive prices even lower đȘ
Stay tuned for exciting developments in the Ethereum ecosystem! đą
#DENCUN #DencunUpgrade #ETH #arbirtum #Optimism
#Ethereum(ETH) enthusiasts are on the edge of their seats as Dencun, the much-anticipated upgrade surpassing even the Merge, is set to launch in just two days. This groundbreaking enhancement vows to notably decrease layer-2 transaction costs, bringing a new level of excitement to the Ethereum ecosystem.
#TrendingTopic: #DENCUN
#TrendingTopic: #DENCUN
đ Post-Dencun upgrade, #Ethereum sees a surge in transactions, hitting 32M/week on main rollups, according to IntoTheBlock.
#DENCUN #DencunUpgrade #EthereumSurge #TrendingTopic
#DENCUN #DencunUpgrade #EthereumSurge #TrendingTopic
âŹïž Base Network experiences transaction surge and user growth after Dencun upgrade.
âŸïžThe Dencun upgrade significantly reduced Base's transaction fees. Before March 13, median gas fees were about $0.5; now they're around $0.003, making Base one of the cheapest Layer 2 networks. The average fee is $0.09.
âŸïžDaily transactions on the Base network surged from 440,000 before Dencun to over 1.05 million after the upgrade.
#HotTrends #Base #BTC #DENCUN
âŸïžThe Dencun upgrade significantly reduced Base's transaction fees. Before March 13, median gas fees were about $0.5; now they're around $0.003, making Base one of the cheapest Layer 2 networks. The average fee is $0.09.
âŸïžDaily transactions on the Base network surged from 440,000 before Dencun to over 1.05 million after the upgrade.
#HotTrends #Base #BTC #DENCUN
đ» After the #DENCUN upgrade on Ethereum, Layer 2 protocols witness massive fee reductions, with Starknet gas fees plummeting 99% to $0.04.
#Optimism , #Base and other L2s also see significant drops, enhancing scalability and user affordability.
$ETH | $OP #TrendingTopic #DencunUpgrade
#Optimism , #Base and other L2s also see significant drops, enhancing scalability and user affordability.
$ETH | $OP #TrendingTopic #DencunUpgrade
Ethereum #layer-1 Revenue Collapse: What's Behind the Drop? đ
đ Since the #DENCUN upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and #transactions âboth doubling since Marchâfees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. đ
The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. đ§
This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in $ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. đ€·
Is the L2 boom causing Ethereumâs base layer to suffer? đ€đ
đ€ #DOGSONBINANCE #TON
đ Since the #DENCUN upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and #transactions âboth doubling since Marchâfees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. đ
The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. đ§
This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in $ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. đ€·
Is the L2 boom causing Ethereumâs base layer to suffer? đ€đ
đ€ #DOGSONBINANCE #TON
đ Arbitrum's Big Move: Token Unlock to Unleash Layer-2's Full Potential?
On March 16th, 2024, the crypto world will witness a significant milestone as Arbitrum (ARB) unlocks over 1.1 billion $ARB tokens.This represents a whopping 76% of the total circulating supply, valued at approximately $2.38 billion. đ°đ°
đ„ Whale Moves: Two notable whales have recently deposited millions of ARB tokens on Binance, hinting at strategic positioning.
đ„ #DENCUN Upgrade: This upgrade aims to boost Layer-2 projects like Arbitrum.
đ„ $SOL Vibes: Remember Solana? Similar token unlock dynamics could be at play here.
Stay tuned for fireworks in the crypto space! đđ
#Arbitrum: #ARB; #Arbupdate #Update
On March 16th, 2024, the crypto world will witness a significant milestone as Arbitrum (ARB) unlocks over 1.1 billion $ARB tokens.This represents a whopping 76% of the total circulating supply, valued at approximately $2.38 billion. đ°đ°
đ„ Whale Moves: Two notable whales have recently deposited millions of ARB tokens on Binance, hinting at strategic positioning.
đ„ #DENCUN Upgrade: This upgrade aims to boost Layer-2 projects like Arbitrum.
đ„ $SOL Vibes: Remember Solana? Similar token unlock dynamics could be at play here.
Stay tuned for fireworks in the crypto space! đđ
#Arbitrum: #ARB; #Arbupdate #Update
Ethereumâs Dencun upgrade is set to supercharge scalability by slashing L2 fees, promising a new era of growth and profitability for the network. Get ready for faster, cheaper transactions and a surge in dApp activity! đ
$ETH
#ETH
#DENCUN
#DencunUpgrade
#HotTrends
$ETH
#ETH
#DENCUN
#DencunUpgrade
#HotTrends
đ User growth on #Ethereum L2 blockchains has significantly outpaced Ethereum itself.
In Q2 2024, the number of transactions on Ethereum and L2s increased by 59%
Total transaction fees on Ethereum dropped by 58% following the #DENCUN upgrade in March 2024.
#EthereumL2 #ETH #TrendingTopic
In Q2 2024, the number of transactions on Ethereum and L2s increased by 59%
Total transaction fees on Ethereum dropped by 58% following the #DENCUN upgrade in March 2024.
#EthereumL2 #ETH #TrendingTopic
I was on a flight and missed the opportunity to close the short position at the low point. But it's okay, I can wait for the next low point. In the past few days, I visited some members of the $ETH core dev team and am very excited about #DENCUN upgrade.
The #DENCUN upgrade containing EIP-4844 makes trading and market making way more gas efficient. This could really get the đ°đ° moving in #ETH and its surrounding ecosystems. đ
My eyes are on #Ethscriptions #Facet and #omnichain verticals. đđ„
Thoughts?
$pamp $eths $nodes $omni
My eyes are on #Ethscriptions #Facet and #omnichain verticals. đđ„
Thoughts?
$pamp $eths $nodes $omni
The #DencunUpgrade for Ethereum, set for March 13, focuses on reducing transaction fees for layer 2 networks, potentially attracting more users.
This upgrade is a part of Ethereum's rollup-centric roadmap, aiming to improve the network's efficiency and scalability.
Although it's primarily beneficial for layer 2 users, it's a significant step in Ethereum's evolution, which could influence its adoption and price.
Assuming a bullish stance post the Dencun upgrade for Ethereum, one could expect the $ETH price to potentially increase. The upgrade, aiming to significantly reduce transaction fees on layer 2 networks, could enhance user experience and increase Ethereum's adoption. This could drive more activity on the network, increasing demand for ETH.
#Binancefeed #TrendingTopic #DENCUN
This upgrade is a part of Ethereum's rollup-centric roadmap, aiming to improve the network's efficiency and scalability.
Although it's primarily beneficial for layer 2 users, it's a significant step in Ethereum's evolution, which could influence its adoption and price.
Assuming a bullish stance post the Dencun upgrade for Ethereum, one could expect the $ETH price to potentially increase. The upgrade, aiming to significantly reduce transaction fees on layer 2 networks, could enhance user experience and increase Ethereum's adoption. This could drive more activity on the network, increasing demand for ETH.
#Binancefeed #TrendingTopic #DENCUN
đ Ethereum became inflationary after Dencun
After the hard fork, the average amount of commissions on the network decreased by 4 times with the same level of activity.
đ As a result, the burn rate dropped to its lowest level since The Merge when the blockchain switched to PoS.
Since then, the supply of ETH has been growing at the fastest daily rate.
đ§ At current rates, ETH will not be able to return to a deflationary model - the blockchain will need a much higher level of user activity.
$ETH #ETH #DENCUN
After the hard fork, the average amount of commissions on the network decreased by 4 times with the same level of activity.
đ As a result, the burn rate dropped to its lowest level since The Merge when the blockchain switched to PoS.
Since then, the supply of ETH has been growing at the fastest daily rate.
đ§ At current rates, ETH will not be able to return to a deflationary model - the blockchain will need a much higher level of user activity.
$ETH #ETH #DENCUN
