Ethereum's Dencun Upgrade Lands With Blobs, L2 Fees Crash
The largest upgrade since the Merge introduced EIP-4844 'blob' transactions, immediately collapsing rollup transaction fees by an order of magnitude.
Theo Schmid//Mar 13, 2024//5m
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The largest upgrade since the Merge introduced EIP-4844 'blob' transactions, immediately collapsing rollup transaction fees by an order of magnitude.
Pectra activated at epoch 364,032 with eleven EIPs, lifting the validator balance ceiling to 2,048 ETH, doubling blob throughput, and unlocking account abstraction primitives.
Post-Pectra blob expansion has dropped median rollup transaction costs below one cent across the largest L2s.