- Ethereum’s Dencun upgrade went live on the mainnet on March 13, 2024 at 13:55 UTC.
- The upgrade introduces “blobs” which is able to see a major discount in transaction charges for Layer-2 protocols.
Ethereum core builders have activated the Dencun upgrade on the mainnet, with the extremely anticipated implementation rolling out at epoch 269568 at 13:55 UTC.
Dencun had beforehand efficiently deployed on the Holesky testnet in February.
Dencun upgrade is live
The upgrade introduces “blobs,” with the EIP-4844 set to see a major lower in transaction charges for Layer 2 protocols.
Ethereum and a number of other L2 tokens surged earlier within the week because the Dencun upgrade approached. While costs have barely retreated within the final 24 hours, the neighborhood is tremendous bullish on what this tough fork means for the broader Ethereum ecosystem.
The final time the neighborhood vibe has been this optimistic was throughout the earlier two main upgrades – the Shanghai upgrade in April 2023 and the Merge in September 2022.
Implementation of the Shanghai upgrade on the mainnet enabled ETH holders to unstake their tokens for the primary time since deposits opened forward of the Merge. Dencun’s rollout brings knowledge blobs to the mainnet, with proto-danksharding set to boost knowledge availability and assist reduce transaction charges for L2s.
Users throughout Base, Arbitrum One, Optimism, zkSync and Starknet amongst different L2 platforms will profit from this discount. The Arbitrum group posted on X:
Once the upgrade begins executing, we count on it’ll take an hour or two for blob transactions to start posting and for brand spanking new EIP-4844 pricing adjustments to start to be seen.
ArbOS Atlas additionally introduces extra Arbitrum payment reductions for Arbitrum One. We count on this to be…
— Arbitrum (💙,🧡) (@arbitrum) March 13, 2024
