Dencun launched on March 16 and the daily volume of Base transactions soared to 2,000,000.
Dune Data reports that on 13 March, after Dencun was updated, the number of daily transactions within the Base network increased by fivefold.
The number of transactions performed by Base users has increased dramatically since the March 16 update. New users have also risen significantly. The Base network saw 666,866 addresses added on March 16. This is a 3200% rise compared to the previous average.
Base users on average have seen their transaction fees fall by 60%. It is however true that this also applies to other layer-2 Ethereum-based networks. Currently, $1.46 billion is blocked in the Base network — the sixth result among layer-2 solutions. Leaders remain Arbitrum You can also find out more about the following: Optimism Blockchains have a capitalization total of 23 billion dollars.
Dencun will reduce the transaction cost for layer-2 network and bring in vital improvements that increase efficiency. Ethereum‘s scalability. Performance and scaling will be optimised, providing a more user-centric environment.
Features that include improved transaction processing, lower gas feesTo improve accessibility and efficiency of Ethereum, the platform was upgraded to include increased throughput.
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Source: crypto.news
