The March Ethereum update called Dencun became one of the key events of the year. The main goal is scalability, reducing transaction costs, and strengthening Layer 2 solutions. But how effective has this been?
1. Decrease in fees: a fact
After the implementation of proto-danksharding (EIP-4844), data began to be transmitted in blobs — separate segments that do not overload the main chain. This drastically reduced fees on L2:
Arbitrum: $0.65 → $0.02
Optimism: $0.75 → $0.03
Base: $0.70 → $0.01
Ethereum network (L1): from ~$4.25 to ~$1.15 (see chart)
2. Surge of Layer 2
Dencun became a catalyst for activity on L2:
The total L2 TVL surpassed $40 billion (a 25% increase in a month)
Base surpassed Optimism in DAU
Arbitrum remains the leader in volume, but competition is intensifying
3. ETH as an asset: resilience above
While many tokens have fallen, ETH demonstrates resilience:
The staking level exceeded 32 million ETH
Emission remains neutral (thanks to EIP-1559 + staking)
The dominance of ETH among altcoins remains at a high level
4. The market does not react immediately
Although the update is fundamentally powerful, the price of ETH has not exploded yet. Why?
Some traders are still focusing on BTC
Ethereum ETF postponed (expected in Q3)
The market is in an accumulation phase after the halving
5. What’s next?
The growth of Layer 2 will continue: the struggle for liquidity between Arbitrum, Optimism, Base, ZkSync.
ETH could become a 'digital bond' — a reliable asset with stable staking profits.
If the SEC approves the ETF — the price of ETH could soar above $4,000.
Conclusion:
Dencun is not just an upgrade. It is the foundation for the next growth cycle of Ethereum and the entire L2 ecosystem. If you are not following $ETH — now is the time.
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