The Dencun upgrade is finally live on Ethereum mainnet!

L2s can now start to utilize cheaper blob data, which we hope will lead to ⬇️⬇️⬇️ transaction fees for everyone in the long term. @Optimism and @zkSync have already rolled out their own chain upgrades to utilize blobs 🥳

This is an important milestone in scaling the Ethereum ecosystem. We've already seen a significant drop in some L2 transaction fees, but it will take some time for the fees to reach a new equilibrium.