PANews reported on June 28 that OP Labs announced that the upcoming Fjord upgrade will bring new features and cost savings, led by the Base team and supported by OP Labs. The upgrade will be carried out on the OP mainnet at 16:00:01 UTC on July 10 (00:00:01 Beijing time on the 11th). After the upgrade, the cost of smart wallet key verification will be reduced by up to 20 times, and transaction costs will drop by 5-15%. At the same time, the sequencer drift time is increased from 10 minutes to 30 minutes to better maintain the activity of Superchain. Chain operators need to upgrade the software and reconfigure the fee coefficient.