Post-Dencun: Ethereum Sees Record Low Fees with Layer 2 Surge

Ethereum’s Dencun upgrade significantly reduced Layer 2 transaction costs, leading to a surge in network activity. Lower transaction fees on Ethereum have reversed its deflationary trend, causing new inflationary pressures on the supply. Transaction fees on the Ethereum mainnet dropped to an all-time low after the Dencun release. This update’s main component was the application [...]