In-depth Analysis of Cancun Upgrade: Data and Investment Perspective
The Dencun upgrade has shown significant effects, clearly reducing the transaction costs of L2, basically achieving the expectation of a 90% reduction in L2 transaction fees. However, the reduction in transaction fees for Ethereum itself is not as effective as that for L2. At the same time, the throughput of L2 has improved to varying degrees after the upgrade, with the Base chain showing the most remarkable performance.