⬇️Dencun Drives Massive L2 Fee Reductions
GM Defiers!
Ethereum’s highly-anticipated Dencun upgrade is already proving to be a resounding success, with EIP-4844 driving a sharp reduction in Layer 2 transaction fees.
Zerion, a web3 smart account provider, announced plans for a Layer 2 boasting zero transaction fees for users. Zerion said it is happy to subsidize fees in a post-Dencun environment and expects to generate revenue by picking up new wallet users.
And Thetanauts is jumping into liquid restaking with a product deriving yields from Pendle.
✍️ In today’s newsletter:
- Dencun drives L2 transaction fess down by between 50% and 98%
- Zerion announces plans for zero-fee L2
- Thetanauts enters liquid restaking sector
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📈 Markets in the last 24 hrs:
| Ticker | Value | 24h |
|---|---|---|
| Bitcoin | $71,456 | -2.25 % |
| Ethereum | $3,876 | -3.29 % |
| Gold 1st Future | $2,163 | -0.57 % |
| S&P 500 | 5150.48 | -0.29 % |
| Arch Web | 33.30 | -1.10 % |
| Learn more about Arch Indices |
🎬 WATCH
Check out our review of the GridPlus Lattice1 hardware wallet. Also watch our podcast with Evan Cheng, the former Apple Engineer who co-founded Mysten Labs, the team behind Sui Network, to learn about the Layer 1 blockchain’s roadmap and ambitions.
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BLOCKCHAINS, ABSTRACTED
💰 Transaction Fees On Layer 2 Plummet Post-Dencun
The long-awaited Dencun upgrade appears to have been wildly successful, with transaction fees on L2s dropping by between 50% and 98% as support for the EIP-4844 upgrade rolls out.
👀 Zerion Announces L2 Subsidizing Transaction Fees
Zerion, a smart account wallet provider, is moving to capitalize on the Dencun hard fork by announcing plans for a Layer 2 network subsidizing fees for users. Zerion hopes that its fee-free L2 can drive revenue from newly onboarded wallet users.
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💧 Thetanuts Finance Launches Leveraged Liquid Restaking
Thetanauts is the latest web project to jump onboard the booming liquid restaking sector. The protocol is leveraging Pendle to offer yield to users from a variety of sources within web3.
🌍 ELSEWHERE
- Spot ETF net inflows slow as bitcoin retreats from latest all-time high (The Block)
- US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances (CryptoSlate)
- El Salvador Has Thousands More Bitcoins Than Previously Known (CoinDesk)
🔥 TRENDING
- DogWifHat Community Raises $690K To Put Meme On Vegas Sphere
- Ethereum Activates Dencun Upgrade, Ushering New Era For Layer 2 Scalability
- Grayscale Files Application For Mini Bitcoin ETF
- Thorchain Thunders Back As Trading Volumes Hit All-time Highs
- Tokenized Real Estate Project PropyKeys Announces Public Launch
- Starknet To Roll Out Suite Of Fee-Saving Measures Alongside Dencun
- Wyoming’s New DAO Act Gets ‘Two Thumbs Up’
- AI Tokens Outperform As Crypto Markets Continue To Post New Highs
- MakerDAO To Commence Endgame Overhaul This Summer
- Wormhole Releases Airdrop Eligibility Tool
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