Ethereum Dencun upgrade countdown is 5 days away! OP, ARB, MATIC and other Layer 2 tracks all increased

It is understood that there is less than a week left before the "Dencun upgrade" of Ethereum. The latest news shows that the mainnet plans to update the execution layer (Cancun) and consensus layer (Deneb) at Epoch 269568 on March 13. This upgrade covers 9 different EIP proposals and is expected to effectively reduce the cost of Layer 2 storing data on the blockchain.

Major Layer2 is ready for launch

David Silverman, vice president of product at Polygon Labs, said that although the mainnet is about to be launched, since Dencun contains a number of improvement proposals EIP, these proposals will be Full implementation via integration protocol will take place in the coming weeks. Silverman pointed out that all Layer 2 solutions that plan to use Blob space for Rollup are expected to be migrated within one and a half to two months, at which time users will be able to experience the various benefits of these improvements.

After the mainnet upgrade, major Layer 2 follow-ups followed. Taking Optimisim as an example, OP Stack is also expected to upgrade and extend its advantages to the Optimism Superchain ecosystem. Therefore, in the future, Base and Mode , Zora, Aevo and Fraxtal will all be part of the ecosystem. Base officials stated: Base will provide first-day support for the Dencun upgrade and is expected to reduce user fees by 10-100 times by increasing aggregate data availability!

Polygon zkEVM is expected to incorporate support for EIP-4844 in its upcoming Feijoa upgrade. Following the Elderberry upgrade last month, the Feijoa upgrade is anticipated to go live on the testnet in April. Utilizing the Polygon zkEVM standard 10-day "Timelock" mechanism, the deployment of Polygon EIP-4844 is projected to occur around May 1st on the Polygon mainnet.

In addition, Arbitrum One and Arbitrum Nova also plan to upgrade to the ArbOS20 "Atlas" version, and this proposal has been approved by the Arbitrum DAO. To ensure the stable operation of the network, all node operators need to upgrade their Nitro nodes to version 2.3.1 or newer before March 14, 2024.

In addition, the Dencun upgrade has been launched in Arbitrum Sepolia on February 29, 2024. These upgrades will significantly improve the performance and functionality of the Arbitrum chain.

Layer2 tracks are rising

Affected by the news of "Dencun Upgrade", all major Layer2s have seen eye-catching gains within 7 days. Polygon rose 14.6% within 7 days, and Optimisim rose 22.7%. , Arbitrum rose 10.1%.

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