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Crypto Frontier | 2 months ago (raw) | export | reply | flag 
 Ethereum layer-1 network revenue collapses — What’s causing it?

Ethereum layer-1 network revenue has plummeted by 99% since March 2024, despite a dramatic increase in monthly users and daily transaction costs on layer 2s.
 https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1717668302931-YAKIHONNES3.jpg
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nilla Aprilia | 2 months ago (raw) | root | parent | reply | flag 
 Impact of the Dencun Upgrade: The Dencun upgrade, implemented on March 13, 2024, introduced changes that reduced fees for layer-2 transactions. As a result, Ethereum's layer-1 network fees have plummeted, reaching a low of approximately $566,000 in August 2024, down from over $35 million just before the upgrade
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Adam linkon | 2 months ago (raw) | root | parent | reply | flag 
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