

After the Cancun upgrade, will the gas fee of Ethereum L2 really be reduced by more than 90%?
#Today’s market has a consensus: after the Cancun upgrade, the average gas fee of Ethereum L2 will be reduced by 10 times or even more high.
After the deployment of the upgraded core protocol EIP4844 in Cancun, the Ethereum mainnet will add 3 blob spaces dedicated to storing L2 transactions and state data. These blob spaces have independent Gas Fee markets. The estimated maximum storage state data size of each Blob space is approximately equal to one mainnet block, which is approximately 1.77M.
The current daily gas consumption of the Ethereum main network is 107.9b, and the Gas consumption of Rollup L2 accounts for ~10%.
According to the supply and demand curve of economics:
Price = total demand/total supply,
Assume that Rollup after Cancun is upgraded The total gas demand of L2 remains unchanged, and the block space that Ethereum can sell to L2 has changed from ~10% of the current 1 block to 3 complete Blob blocks, which is equivalent to the total supply of block space. If expanded by 30 times, the price of Gas will be reduced to 1/30 of the original value.
But this conclusion is not reliable because it presupposes too many linear relationship assumptions and abstracts away too many detailed factors that should be included in the calculation and consideration, especially the relationship between Rollup L2 The impact of competition and gaming strategies in the Blob space on Gas prices.
Rollup L2's gas fee consumption is mainly composed of two parts: data availability storage fee (status data storage fee) and data availability verification fee. Among them, data availability storage costs currently account for ~90%.
After the Cancun upgrade, for Rollup L2, the three new Blob blocks are equivalent to three new public lands. According to Coase's commons theory, in a market environment with completely free competition in the Ethereum Blob space, there is a high probability that the currently leading Rollup L2 players will abuse the Blob space. This can ensure their market position on the one hand, and squeeze the living space of competitors on the other.
The following figure shows the profit statistics of 5 Rollup L2s for one year. It can be found that their monthly profit scale shows obvious seasonal changes, but there is no obvious overall growth trend.
In such an involution market with a ceiling limit, Rollup L2 is in a state of zero-sum game that has been highly tense. There is fierce competition among developers, funds, users and DApps. After the upgrade of Cancun, they are fiercely competing for three additional blob spaces.
In the market situation of "there is only so much meat, if others eat one more bite, you will eat one less bite", it is difficult for Rollup L2 to achieve the ideal situation of Pareto optimality.
How will the leading Rollup L2s abuse the Blob space?
Personally guessed that the head Rollup L2 will modify the Batch frequency of the Sequencer, shortening the current Batch once every few minutes to once every 12 seconds, in line with the Ethereum main network block generation The speed remains synchronized. This can not only improve the quick confirmation of transactions on your own L2, but also occupy more blob space to suppress competitors.
Under this competitive strategy, the verification fee and Batch fee in the Gas fee consumption structure of Rollup L2 will surge. This will limit the positive impact of additional blob space on L2 gas fee reduction.
The results are shown in the figure above. When the Blob space increases, the positive impact on L2 Gas fee reduction will decrease at the margin. And after reaching a certain threshold, it will almost fail.
Based on the above analysis, I personally judge that the gas fee of Ethereum L2 will decrease after the Cancun upgrade, but the degree of decrease will be less than market expectations.
The above is the detailed content of After the Cancun upgrade, will the gas fee of Ethereum L2 really be reduced by more than 90%?. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

OKX is a global digital asset trading platform. Its main functions include: 1. Buying and selling digital assets (spot trading), 2. Trading between digital assets, 3. Providing market conditions and data, 4. Providing diversified trading products (such as derivatives), 5. Providing asset value-added services, 6. Convenient asset management.

As of March 2025, the Dogecoin ETF has not yet had a clear approval schedule. 1. There is no formal application yet and the SEC has not received any relevant application. 2. Market demand and controversy are high, and regulators are conservative. 3. The potential timeline is a 1-2-year review period, which may be observed from 2025 to 2026, but there is high uncertainty.

The steps for transferring ETH from the Matcha Exchange are as follows: 1. Preparation: Register and authenticate with real name to ensure that there is enough ETH, and download and install TP Wallet. 2. Get the ETH address of the TP Wallet. 3. Log in to the Matcha Exchange. 4. Find the Assets or Package options. 5. Select ETH and click "Extract" or "Extract". 6. Fill in the withdrawal information, paste the ETH address and enter the amount. 7. Complete security verification. 8. Confirm the funds to arrive.

This article introduces in detail the steps and preparations for withdrawing OKX digital currency. First of all, it is necessary to ensure that account registration, real-name authentication has been completed, and sufficient withdrawal balance has been established. Secondly, be sure to prepare an accurate external storage address. The article then gradually explained the operation steps such as logging in to the account, entering the withdrawal page, selecting currency, filling in withdrawal information (including address, quantity, handling fee), confirming withdrawal and viewing withdrawal records, and emphasized the necessity of checking the information to avoid asset losses.

The technical Q&A community in the ChatGPT era: SegmentFault’s response strategy StackOverflow...

As of March 2025, Dogecoin ETF has not been approved because: 1) No large institutions have submitted applications, 2) The SEC is cautious about high-volatility cryptocurrencies, 3) The market has limited interest in Dogecoin ETF, 4) If there is an application, the approval may take 12-24 months, 5) Facing regulatory, liquidity and competitive challenges, 6) Pay attention to institutional trends, SEC policies and Musk trends, 7) Dogecoin futures ETFs or overseas exchanges can be considered, and it is recommended to continue to pay attention to SEC, crypto media and DOGE community trends.

Dogecoin (DOGE) may be priced between $0.1-1 in 2025, depending on market cycles and emergencies: 1. Bull market and Musk push may cause DOGE to rise to $0.5-1; 2. Moderate rises and local positives may cause DOGE to between $0.2-0.5; 3. Bear markets and regulatory hits may cause DOGE to fall to $0.05-0.1.

The core difference between USDC and USDT is: 1. USDC is issued by Circle and Coinbase, which has stronger compliance; 2. USDC reserves are more transparent; 3. USDC technical standards are more modern and cross-chain compatibility; 4. USDC is more popular among institutions and DeFi platforms.