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Ethereum Dencun Upgrade causes a flurry of L2 restoration related queries
Ethereum Dencun Upgrade went live on Wednesday, a landmark event expected to have a significant impact on transaction costs for the network’s layer 2 (L2) projects. With its, several L2 tokens have rallied, including Arbitrum (ARB) and Lido DAO (LDO), which are bother up nearly 5%. Amid the euphoria, the update has put ducks up for shooting. Ethereum Dencun Upgrade impact on dead L2s: Ethereum Dencun Upgrade had already been pushed live on several of Ethereum's testnets. However, the real push, to Ethereum's mainnet occurred on March 13, roughly a year after the Shanghai upgrade from April 2023. This was when the ... (full story)