ETH Dencun upgrade countdown, which data should be focused on?

Author: OKlink

On March 13, 2024, at 21:55 (epoch 269,568), Ethereum will complete the Dencun Upgrade. OKLink's dedicated data page portal:

The main goal of this upgrade is to enhance the scalability and modularity of Layer 2 networks, strengthen the security features of the Ethereum network, and improve overall usability.

Why is it worth paying attention to?

After the Dencun upgrade, users will experience a significant reduction in Layer 2 network transaction fees, which will encourage more trading activities and support the long-term development of Layer 2 networks. Correspondingly, the daily transaction volume and number of transactions on L2 will also change.

With the substantial reduction in Layer 2 network transaction fees and the increase in transaction throughput, it is expected to provide a good development space and important foundation for the development of Layer 2 networks and their application layers. Users can keep track of L2 development trends through TVB, TVL, TPS, and address data.

How to understand Blobs?

Blob data can effectively reduce Layer 2 transaction fees and increase transaction throughput, but blob storage is temporary, with a usable time of 4,096 epochs, or about 18 days.

Why does OKLink store all blob data?

OKLink will be responsible for securely storing all blob data, ensuring the safety and retrievability of historical data to support the healthy development of the Ethereum ecosystem. Individuals and public chain teams in need of blob data are welcome to contact us.

What is the significance of the Dencun upgrade for the Ethereum ecosystem?

The Dencun upgrade helps pave the way for the future development of the Ethereum ecosystem. Among them, EIP-4844 is dedicated to shard readiness, while other protocols mark Ethereum's progress towards establishing a scalable, decentralized, and globally accessible settlement layer.

Ethereum officially launched on July 30, 2015, marking the beginning of a new era for decentralized applications (DApps). Let's review the development path of Ethereum:

The countdown to the Cancun upgrade has begun. If you are struggling to find various data, please focus on the special section on the OKLink official homepage and explore a rich data journey to discover categorized key data.

OKLink is committed to providing leading on-chain data and security services. As a global leader in Web3 data analysis, OKLink offers one of the most comprehensive and rich browsers for current network data.

OKLink keeps pace with Web3 development trends, integrating special content such as Ethereum upgrades, allowing users to obtain the most comprehensive and real-time data analysis in the shortest time, enjoying an excellent experience brought by efficient and convenient data technology facilities.