Tuesday, July 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

‘Dencun’ Upgrade Officially Deployed On Ethereum Mainnet, ETH Price Holds Steady Below $4,000

15 March 2024
in Ethereum
Reading Time: 4 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter


Ethereum (ETH) has accomplished a significant software program improve, Dencun, that guarantees to make using the community ecosystem more cost effective. This replace particularly targets Layer 2 (L2) networks, similar to Arbitrum (ARB), Polygon (MATIC), and Coinbase’s Base, that are interconnected with Ethereum. 

With Dencun, transaction prices on these networks have considerably decreased, with charges dropping from {dollars} to cents and even fractions of a cent.

Ethereum Dencun Improve And Value Financial savings

Thought of probably the most vital change in Ethereum’s end-user expertise, the Dencun improve is predicted to foster the event of recent purposes and companies by considerably lowering bills. 

As NewsBTC reported on Tuesday, the replace introduces a brand new knowledge storage system, departing from the standard method of storing Layer 2 knowledge on Ethereum itself. Adopting a brand new “blobs” repository reduces knowledge storage prices since data is warehoused for under about 18 days as an alternative of indefinitely.

One of many notable advantages of the Dencun improve lies in its impression on decentralized exchanges (DEXs) and fuel prices. As an illustration, projected fuel prices for standard Layer 2 networks, similar to Arbitrum, Optimism, and Coinbase’s Base, are set to be considerably diminished. 

Projected fuel price discount with Ethereum’s Dencun Improve. Supply: Crypto Rover on X

The projected financial savings translate into a discount of Arbitrum’s swaps from $2.02 to $0.40, Optimism’s swaps from $1.42 to $0.28, and Coinbase’s Base swaps from $0.58 to $0.01, emphasizing the pivotal position of this improve. 

Because the improve was efficiently launched on the mainnet, Tim Beiko, Ethereum Basis core developer, expressed his satisfaction with the work achieved and claimed:

Dencun is each probably the most advanced fork we’ve shipped because the Merge, and tied for “most whole EIPs in a fork” with Byzantium. There have been extra groups than ever concerned within the course of, and it in some way all labored out easily…! Grateful to work with all of them, onto the following one. 

Blob Transactions And Pricing Adjustments

Layer 2 community Arbitrum has offered insights into the improve course of. It will take round one to 2 hours for blob transactions to start posting and for the brand new pricing modifications specified by EIP-4844 to return into impact. 

ArbOS Atlas, an improve that helps Arbitrum Chains, will introduce additional charge reductions for Arbitrum One, set to be activated on March 18th. The up to date configurations embrace a discount within the Layer 1 (L1) surplus charge from 32 gwei to 0 per compressed byte and a discount within the L2 base charge from 0.1 gwei to 0.01 gwei.

The Dencun improve unlocks cost-saving alternatives for Layer 2 networks and addresses congestion considerations by liberating up extra space on the Ethereum community for added transactions. Whereas the improve gives enhanced effectivity, it does come at the price of now not retaining an entire file of all knowledge indefinitely.

Nonetheless, as Layer 2 networks embrace this new replace to the Ethereum ecosystem, the stage is about for accelerated adoption, utilization, and broader accessibility inside the Ethereum group and its underlying protocols.

Dencun Improve Fails To Propel ETH Above $4,000 

Regardless of the profitable improve, ETH’s worth stays unaffected, persevering with to consolidate under the $4,000 threshold. The token tried to surpass this significant resistance degree on Monday and Tuesday however didn’t maintain its place above it.

Ethereum
The 1-D chart exhibits ETH’s worth consolidation. Supply: ETHUSD on TradingView.com

For over 24 hours now, ETH has been buying and selling between $3,930 and $3,970. However, it’s price noting that ETH has maintained its upward momentum, with good points exceeding 18% over the previous fourteen days and practically 60% over the previous thirty days. 

Moreover, introducing the Dencun improve is predicted to drive elevated demand for ETH, doubtlessly sparking a renewed uptrend that would bridge the hole between present buying and selling costs and its earlier all-time excessive (ATH) of $4,878, achieved in November 2021.

Featured picture from Shutterstock, chart from TradingView.com

Disclaimer: The article is offered for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your personal analysis earlier than making any funding choices. Use data offered on this web site fully at your personal danger.



Source link

Tags: DencunDeployedETHEthereumHoldsMainnetofficiallyPriceSteadyUpgrade
Previous Post

FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says

Next Post

Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin – Altcoins Bitcoin News

Related Posts

DEXs capture almost 30% of CEX spot activity in June, setting new record
Ethereum

DEXs capture almost 30% of CEX spot activity in June, setting new record

1 July 2025
Vitalik Buterin says pluralistic ZK digital IDs are the ‘best realistic solution’ to preserve privacy
Ethereum

Vitalik Buterin says pluralistic ZK digital IDs are the ‘best realistic solution’ to preserve privacy

30 June 2025
Ethereum Holding Above Key Support On Daily Chart — Eyes Set On Breakout | Bitcoinist.com
Ethereum

Ethereum Holding Above Key Support On Daily Chart — Eyes Set On Breakout | Bitcoinist.com

30 June 2025
Ethereum Historical Pattern Hints At Potential $10,000 Surge – Analyst
Ethereum

Ethereum Historical Pattern Hints At Potential $10,000 Surge – Analyst

29 June 2025
FATF sounds alarm over rising stablecoin misuse as global crypto rules lag
Ethereum

FATF sounds alarm over rising stablecoin misuse as global crypto rules lag

28 June 2025
Pepe meme creator’s NFT projects hit for $1 million as contract hijackers drain collections
Ethereum

Pepe meme creator’s NFT projects hit for $1 million as contract hijackers drain collections

29 June 2025
Next Post
Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin – Altcoins Bitcoin News

Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin – Altcoins Bitcoin News

Market Alert: Ethereum Faces Potential Downfall as Dencun Upgrade Looms – Here’s Wh

Market Alert: Ethereum Faces Potential Downfall as Dencun Upgrade Looms - Here's Wh

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

28 June 2025
솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

24 June 2025
$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

16 June 2025
Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

7 June 2025
Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

23 June 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

28 June 2025
Robinhood Kickstarts US Stocks in Europe with Crypto: Will On-Chain Adoption Skyrocket?

Robinhood Kickstarts US Stocks in Europe with Crypto: Will On-Chain Adoption Skyrocket?

1 July 2025
Penis envy? 35-foot appendage at UK heritage site was almost covered up

Penis envy? 35-foot appendage at UK heritage site was almost covered up

1 July 2025
Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin – Decrypt

Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin – Decrypt

1 July 2025
Circle Proposed to Launch Federally Regulated Trust Bank

Circle Proposed to Launch Federally Regulated Trust Bank

1 July 2025
Supreme Court Rejects Crypto Privacy Case Against IRS

Supreme Court Rejects Crypto Privacy Case Against IRS

1 July 2025
Crypto Survey Reveals 7 in 10 South Koreans Want to Increase Holdings

Crypto Survey Reveals 7 in 10 South Koreans Want to Increase Holdings

1 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$106,483.00-1.13%
  • ethereumEthereum(ETH)$2,443.70-0.77%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.200.75%
  • binancecoinBNB(BNB)$652.19-0.27%
  • solanaSolana(SOL)$148.34-1.25%
  • usd-coinUSDC(USDC)$1.000.00%
  • tronTRON(TRX)$0.2783140.32%
  • dogecoinDogecoin(DOGE)$0.160296-2.66%
  • staked-etherLido Staked Ether(STETH)$2,442.36-0.74%