Ethereum Fees Set to Drop for Arbitrum, Polygon, Starknet, Base. But How Much?
Summary
Ethereum's Dencun upgrade, set for March 13, will introduce EIP-4844, or "proto-danksharding," which will significantly reduce costs for layer-2 blockchains by introducing data blobs. The reduction in costs is expected to lower fees for users, but the exact impact remains uncertain. Leading layer-2 teams predict that prices should decrease due to increased data availability, but the extent of the reduction is difficult to predict. The upgrade will benefit zero-knowledge (ZK) rollups and optimistic rollups differently. The reduction in costs could lead to increased usage and a stable equilibrium in fees. Coinbase's Base layer-2 network anticipates transaction costs to drop by 90-95%, aiming for "sub-cent" transaction costs.
