🛑 Ethereum’s Pectra Upgrade Sets Stage for Cheaper L2 Fees: Details
Ethereum’s Pectra Upgrade goes live on May 7, and the crypto community can’t seem to keep calm.
It’s one of the most talked-about changes to hit the network since the Merge. The upgrade is said to make transactions on L2 cheaper and more efficient.
By merging the Prague and Electra tracks, this upgrade brings a mix of changes focused on usability, scalability, and fee efficiency. Especially so for Layer-2 users.
One of the headline changes is how Ethereum will handle data blobs. These blobs store compressed rollup data sent to the mainnet.
The upgrade increases the target from three blobs per block to six and raises the cap to nine.
That gives rollups like Arbitrum and Base more room to send data without fighting for space.
With this, analysts project a 30–40% reduction in Pectra L2 fees, bringing average swap costs tantalizingly close to one cent.