ethereum developers successfully deployed the Dencun upgrade to the mainnet.
On March 13, the update was successfully released, aiming to scale and reduce fees not only on the core network but also on layer 2 protocols. Tim Beiko, a member of the project team, confirmed the release of the update. update.
Etherscan data also shows that the ethereum mainnet block height has reached the scheduled Dencun upgrade time. Also, 10 minutes after the update is released, changes in the size of commissions are observed: the average is 56 gwei.
<img decoding="async" width="1024" height="192" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-13-at-17.07.01-1024×192.png” alt=”Dencun Upgrade Goes Live on ethereum Mainnet – 1″/>
Amid the anticipation of the update's release, the price of ethereum (eth) hit $4,083, a new high since December 2021. However, shortly after the release, eth reacted with a pullback: at the time of writing item, the price is $3,993.
Due to high transaction costs, on-chain activity on the ethereum network has long stagnated. However, with Dencun, users can expect a revival in the defi segment, driven by the cyclical growth of the market as a whole, increasing the competitiveness of eth. Rollups will also be cheaper, noted developer Anton Cheng.
In addition to the reduction in fees, Dencun included several other updates, including the proposal to allow the introduction of a perpetual signature for voluntary withdrawal of eth participation, better voting evaluation, limits on incorporation of validators, a new command for basic memory copy. operation, among others.
