⬇️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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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

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