Ethereum’s Dencun Upgrade Drives Layer-2 Transaction Fees to New Lows
July 7, 2026 — Ethereum’s latest network upgrade, Dencun, has successfully reduced Layer-2 transaction costs by an average of 85%, according to on-chain analytics from Dune. The implementation of proto-danksharding has dramatically improved scalability, boosting daily active addresses across Arbitrum, Optimism, and Base. Developers report a surge in DeFi and gaming activity. Vitalik Buterin highlighted the upgrade’s success in a recent blog post, emphasizing Ethereum’s path toward becoming the global settlement layer. ETH price reacted positively, climbing above $3,450.
July 8, 2026 13
