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Ethereum Layer 2 Tokens See Increased Interest Ahead of Dencun Upgrade

Published 12/03/2024, 08:34
Updated 12/03/2024, 08:45
Ethereum Layer 2 Tokens See Increased Interest Ahead of Dencun Upgrade
ETH/USD
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Coin Edition -

  • Ethereum sidechain Gnosis Chain completed its Dencun upgrade on March 11th and can now send blobs .
  • Traders eye Layer 2 tokens such as Arbitrum (ARB), Optimism (OP), Lido DAO (LDO), and Metis after expected drop in gas fees on their respective L2s.
  • The Dencun upgrade adopts proto-danksharding, increasing scalability and reducing gas fees.

Earlier today, Gnosis announced that the Dencun upgrade is live on Gnosis mainnet. Ether’s (ETH) price is hovering above $4,000, fueled by anticipation surrounding the upcoming Dencun upgrade. With the upgrade set for Wednesday, March 13th the interest in Ethereum Layer 2 (L2) tokens in particular is surging.

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