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L2s are at the heart of Ethereum’s scalability plans. Yet, with Ethereum's price hitting $4,000 and a surge in activity on both Ethereum and L2s, users are feeling the pinch from high transaction fees. These fees make everyday onchain activities expensive, pricing out many users.
Today marks a significant change.
The Dencun upgrade just went live on Ethereum's mainnet. This is a milestone development that promises to make transactions on L2s dramatically cheaper. It could set the stage for a host of new apps and users to come onchain.
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