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The Dencun d’ethereum upgrade led to a magnificent decline in transaction costs in the network. Data Etherscan shows that Swap now costs an average of $ 0.39, compared to $ 86 last year.
Year after dencun, Ethereum fees collapsed
On March 13, 2024 Ethereum deployed the Upgrade Dencun and merged the Cancun update and the Deneb Update (Consumption Layer). This historical upgrade has introduced nine proposals for improvement (EIP) aimed mainly to improve network scalability and reduce transaction costs, especially for layer 2.
The impact was immediate and deep. According to Icharts, the average gas cost increased from 72 GWEI in March 2024 to only 2.7 GWEI 12 March 2025 – a 95%decrease.
Of the specific conditions, the exchange (swap), which costs an average of $ 86 last year, according to Etherscan today costs only $ 0.39 today. Similarly, the sale of NFT, which required $ 145 in costs, only requires $ 0.65.
This drastic cost reduction facilitates access to decentralized applications for limited capital users. Defi platforms, NFT markets and social finance applications are accessible to a wider audience, as was hoping for network developers.
Paradox between technical adoption and market value
Despite this great technical improvement, the price of Ether (ETH) has seen the opposite development. From the Dencun upgrade, the cryptocurrency value decreased by 53%, according to Coingecko from $ 4,070 in March 2024 to approximately $ 1,891.
This paradox illustrates the complexity of the cryptocurrency market, where technical improvements do not always lead to value valuation. Dominik Harz, co -founder of Bitcoins (Bob), emphasized this partial performance:
” The decline has erased all the profits of TVL from definitions from the selection of Trump. Among the enthusiasm for Solan and the last difficult months of Ethereum, this sector is visibly looking for a new limit. »»
Nevertheless, Horizon Ethereum remains marked by future development. Another main upgrade, Pectra, was deployed on the Sepolia 5th March test network, despite some initial problems. This update promises to double the available data space for layers 2, which further reduces costs and increases the capacity of the implementation.
According to Harz, although Pecra represents ” step in the right direction ” ” A miraculous solution to the deeper problems of “ethereum that ” They quickly lose their position of reference blockchain for developers ”.
While the technical progress of Ethereum continues at a permanent pace, blockchain -based vitalik Bterin faces the main challenges: win investors, convince developers and demonstrate its importance for increasingly competitive alternative solutions.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.