Base Predicts Up to 100x Ethereum Fee Reduction After Dencun Fork

Base, in collaboration with other key Ethereum development teams, is anticipating a significant reduction in transaction fees after the upcoming Dencun fork. This upgrade, scheduled for March 13, aims to address the pressing challenge of high transaction fees on the Ethereum network. The core of the upgrade, EIP-4844 or proto-danksharding, will enhance efficiency and scalability. The goal is to increase data availability capacity for rollups, which will ultimately lower transaction fees for Ethereum Layer 2 solutions like Base. Ethereum’s average transaction fees have recently skyrocketed, highlighting the urgent need for scalable and cost-effective solutions. The Dencun upgrade introduces blob-carrying transactions, which drastically reduces storage requirements and simplifies transaction verification. Analysts predict that transaction fees could potentially drop to as low as $0.02. This fee reduction is expected to accelerate the adoption of Ethereum’s roll-up roadmap and make Layer 2 solutions more attractive and competitive. The blockchain community is eagerly awaiting the Dencun upgrade as it paves the way for a more scalable, efficient, and cost-effective ecosystem, enabling new applications and use cases. Overall, this collaborative effort demonstrates a collective commitment to driving the growth of the on-chain economy.