The Ethereum Dencun Update Has Been Activated
March 13, 2024
The Ethereum core developers have implemented the Dencun update on the mainnet, introducing “blobs” that significantly reduce transaction costs for layer 2 chains. Layer 2 rollups can now use blobs instead of the “calldata” method to submit transactions. This is aimed at maintaining low costs even during periods of high network congestion on chains like Base, Optimism, Arbitrum One, zkSync, Starknet, and others.
