IntoTheBlock: Ethereum mainnet fees hit a historic low after the Dencun upgrade

2024-10-06 23:40:27

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ChainCatcher news, according to IntoTheBlock data, after the Dencun upgrade, with the surge in L2 transactions, Ethereum mainnet fees have hit an all-time low. EIP-4844 has reduced L2 costs by 10 times, driving record transaction numbers.

However, due to the decrease in the amount of ETH being burned, ETH has shifted from deflationary to inflationary.

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