The #Ethereum network's recent #DencunUpgrade has led to a drastic reduction in Layer 2 median transaction fees, dropping by as much as 99% for some protocols. Starknet, for example, reported a decrease from over $6 to just $0.04 per transaction.
This significant decline in fees could greatly enhance Ethereum's scalability and user adoption.
$ETH price is down 2.2% down post-upgrade but 43% up in the last 30 days, indicating a bullish trend.
