Goodbye Calldata! List of mainstream Layer2 fee reduction trends

At 21:55 on March 13, Beijing time, the Ethereum mainnet officially activated the Dencun upgrade at block height 269568. The most important part of this upgrade includes EIP-4844, the introduction of temporary data blobs that replace calldata. The EIP-4844 upgrade can be said to be an inflection point for Ethereum to promote large-scale commercialization. Its goal is to expand Ethereum's data availability, provide larger storage space for L2 data, and reduce L2 gas fees by 10 to 100 times.

Since last night, Starknet, Optimism, Arbitrum, zkSync, Base, Zora, Mode and other L2s have successively announced upgrades to use Blobs, and some L2s will also additionally reduce gas costs. Foresight News will take stock of Ethereum and L2 gas fee data, and conduct actual transaction measurements to see how much gas fees can be reduced by EIP-4844. Which one is the cheapest?

Farewell, Calldata!

Over the past month, the cryptocurrency market has generally risen, with Bitcoin continuing to hit all-time highs, and market sentiment being affected by extreme FOMO. Ethereum’s transaction volume has also increased rapidly, causing gas fees to surge from an average of 80 USDT to 130 USDT, which is quite painful for users.

According to ultra sound money data, the gas fee of Ethereum once reached 190 Gwei on March 6.

According to growthepie data, L2 paid a total of US$2.1 million in Gas fees yesterday, and on March 5, L2’s Gas fees reached more than US$4.3 million. Set a new record this year. Ethereum’s gas fee reduction is imperative.

Overview

According to Blobscan data, on March 13, the Gas used by Blob is now 197,918,720, while the callda Gas equivalent to Blob will At a cost of 3,073,477,708, Blob has reduced the gas fee by more than 15 times.

Since the Cancun upgrade, the total number of blocks in Ethereum is now 1697, the total number of transactions is 1868, and a total of 2029 blobs are used.

##Currently, according to L2BEAT and Blobscan data, Optimism, Starknet, Base, zkSync, Zora, and Mode have all adopted blobs, and Starknet has the most blob transactions.

#According to L2 Fees data, Optimism, The gas fees of zkSync Era and Starknet have dropped the most.

According to Dune data, since the Cancun upgrade, the average gas fee of the Optimism network has dropped by 98% from 2.442 USDT to 0.046 USDT; the average gas fee of the Base network has dropped by 94% from 1.069 USDT. % to 0.06 USDT; the average gas fee of the zkSync network decreased by 77% from 0.66 USDT to 0.151 USDT; the average gas fee of the Zora network decreased by 98% from 1.423 USDT to 0.022 USDT; the Arbitrum network gas fee decreased by 48% from 0.968 USDT to 0.503 USDT.

In addition, the median Optimism network Gas fee has been reduced by 99% from 0.669 USDT to 0.004 USDT; the median Base network Gas fee has been reduced by 99% from 0.7747 USDT to 0.0012 USDT; the median zkSync network Gas fee has been reduced from 0.3078 USDT It decreased by 69% to 0.0951 USDT; the median gas fee of Zora network decreased by 99% from 0.7253 USDT to 0.0009 USDT; the median gas fee of Arbitrum network decreased by 50% from 0.6717 USDT to 0.3335 USDT.

Starknet

Yesterday, the Starknet mainnet was upgraded to Starknet 0.13.1 during the Ethereum Cancun upgrade, using the Blob data type and additional Fee reduction, actual gas fee is as low as $0.01.

Transfer: Gas tends to 0.

#Swap: The actual gas fee is 0.02 USDT.

Optimism

Transfer: The gas fee for transferring on Optimism tends to be 0, while the transaction fee for a transfer I made a few days ago was 0.68 USDT.

Swap: Gas is 0.01 USDT.

zkSync

Transfer: The gas fee was originally 0.24 USDT, and after returning 0.13 USDT, it is 0.11 USDT.

Swap: The initial gas fee is 0.78 USDT. After returning 0.67 USDT, the gas fee is actually 0.11 USDT. Some transactions will be lower than 0.1 USDT.

Base

Today Base community contributor Jesse Pollak said that Base has launched Blob and the Base network transaction fee has been reduced from $0.31 to $0.0005. In addition "Wallets need to be updated to achieve cost reduction."

Transfer: Gas fee tends to 0.

Swap: Gas is close to 0.

Arbitrum

Arbitrum’s ArbOS Atlas upgrade will be executed on all Arbitrum chains at 21:41:35 on March 14, Beijing time. Once the upgrade starts executing, expect it to take an hour or two for Blob transactions to start rolling out and for the new EIP-4844 pricing changes to start showing up. ArbOS Atlas also introduces additional Arbitrum fee reductions for Arbitrum One, which is expected to be activated on March 18.

Currently, the handling fees on Arbitrum have not been significantly reduced.

Linea

Linea has not yet introduced Blobs and currently transaction fees are much higher than other L2s.

BNB Chain

BNB Chain will launch an upgrade called "BEP 336", which will refer to Ethereum's EIP 4844 and introduce " With the concept of "Blob Carrying Transaction" (BlobTx), BSC will provide a dynamic Gas pricing mechanism for blobs and set minimum and maximum thresholds to maintain reasonable transaction costs.

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