The core devs at Ethereum are in the final stages and have scheduled the Dencun upgrade to be rolled out around the 13th March 2024.

The biggest beneficiaries will perhaps be the Layer 2 networks such as Arbitrum and Optimism which will see their operating costs reduced significantly due to the reduced fees for blob data storage.

Some token symbols to keep an eye on if this catches the narrative:

$MATIC #MATIC

$ARB #ARB

$OP #OP

#MANTA

#STRK

Dencun pushes Ethereum one step closer to the end goal of the existing mainnet becoming a chain of chains and user transactions moving to L2’s. I standby my thesis that there will eventually be a network of “enshrined rollups” which will become the Ethereum mainnet as we know it.

This could be 5-10 years out and the privately run 3rd party L2’s we see today will prove the technology works at scale before the Ethereum foundation commits to an official enshrined L2 layer.

The world computer is scaling up slowly but surely.