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Blockchain News

Ethereum Gas Fees Plunge 95% One Year After Dencun Upgrade

Ethereum users now have lower transaction fees because Dencun reduced prices by 95%. The Etherscan data shows that users need to pay $0.39 for swapping operations in contrast to the previous $86 year ago. On March 13, 2024 the network updates named Dencun combined Cancun and Deneb to deliver Ethereum's biggest changes.  The Dencun upgrade established nine Ethereum Improvement Proposals to make layer-2 networks more scalable and cheaper to use. Prices per gas transaction dropped...