Fees across leading Layer 2s supporting EIP-4844 have fallen by between 50% and 98%.<\/p>\n
Layer 2 networks that support EIP-4844 are already enjoying massive scalability gains following the activation of Ethereum\u2019s long-awaited Dencun upgrade on March 13.<\/p>\n
Data from\u00a0Dune Analytics<\/a>\u00a0shows average transaction fees on leading Layer 2 networks Arbitrum, Optimism, Base, and ZkSync Era falling by 87%, 69%, 88%, and 63% respectively in the past 48 hours.<\/p>\n Dune Analytics also shows the median price of swaps on Uniswap, the leading decentralized exchange, plummeting\u00a096%<\/a>\u00a0from $1.19 to just $0.05 following Dencun\u2019s activation.<\/p>\n Hayden Adams, the creator of Uniswap, tweeted a\u00a0screenshot<\/a>\u00a0indicating that gas fees on Uniswap v3\u2019s Optimism deployment had dropped below $0.01.<\/p>\n <\/p>\n The data showcases the resounding success of the Dencun fork and its primary upgrade, EIP-4844, also known as\u00a0proto-danks<\/a>harding<\/a>.<\/p>\n EIP-4844 replaced the gas-intensive calldata with binary large objects (blob) on Layer 2. 0xVEER, the head of developer relations at Mantle, told The Defiant that calldata accounted for between 73% and 90% of Layer 2 transaction costs prior to Dencun’s activation. <\/p>\n By contrast, blobs are a lightweight data format, driving a significant reduction in fees.<\/p>\n Data from\u00a0GrowThePie<\/a>\u00a0similarly shows massive average daily fee reductions of 96% on Base, 97% on OP Mainnet, and 98% on Starknet since Dencun\u2019s activation.<\/p>\n ZkSync also hosted a 49% drop in fees while Arbitrum\u2019s fees fell 50%. However, Arbitrum only\u00a0launched<\/a>\u00a0support for EIP-4844 on March 13, with the team\u00a0noting\u00a0<\/a>that further gas-reducing measures will go live on March 19.<\/p>\n The higher relative fees on ZkSync Era may be attributable to the network\u2019s\u00a0zero-knowledge<\/a>\u00a0(ZK) rollup architecture, which offers performance benefits and does not require a seven-day delay on mainnet withdrawals unlike optimistic rollups such as OP Mainnet and Base.<\/p>\n While Starknet is also a ZK-rollup, the project said it would begin rolling out additional\u00a0fee-saving measures<\/a>\u00a0in parallel to the Dencun upgrade. Starknet estimated the move would double the reduction in costs realized by EIP-4844, and said it would subsidize fees down to their expected level once the roll-out is complete.<\/p>\n <\/p>\n