Before the update, on average, Base network users carried out about 440,000 transactions daily, but on March 16, the figure reached 2,064,920, and it continues to grow. The number of new users has also increased significantly – on March 16, 666,866 new addresses appeared in the Base network, which is 3,200% more than the average before the Dencun update.
On average, Base users have seen transaction fees drop by more than 60%. However, this is also true for other second-layer networks based on Ethereum.
Currently, $1.46 billion is blocked in the Base network, launched by the Coinbase exchange in August last year. This is the sixth result among second-tier solutions. The leaders remain the Arbitrum and Optimism blockchains with a total capitalization of $23 billion.
Note that the Dencun update had virtually no effect on the size of commissions on the Ethereum main network – a transaction with ETH will cost, on average, $2.1. They will charge about $5 for a USDC transfer, and you will have to pay $16 for exchanging tokens on the Uniswap exchange.
Earlier, Bits.Media published a large-scale material about the recent Dencun update.
Source: Bits
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