Ethereum Fees Skyrocket as Dencun Upgrade Countdown Begins

By
Marika Kostas
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

The Ethereum network has experienced a surge in network fees due to the speculative frenzy surrounding meme tokens. Ethereum's fee-burn mechanism has led to a reduction in ETH supply. The upcoming Dencun upgrade is expected to alleviate the increased gas prices, with major Layer-2s projected to see fee reductions of at least 80%. This bodes well for Ethereum's scalability and usability, paving the way for a more efficient and accessible blockchain ecosystem.

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