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

It is reported that there is less than a week left before the “Dencun upgrade” of Ethereum. Currently, 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 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 launch is imminent, since Dencun covers a number of improvement proposals EIP, these proposals will The integration protocol will be fully implemented in the coming weeks. Silverman pointed out that all Layer 2 solutions that want to use blob space for Rollup are not expected to be migrated until about a month and a half to two months before users can experience the full 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 scheduled to go live on the testnet in April. Leveraging the Polygon zkEVM standard 10-day "Timelock" mechanism, the deployment of Polygon EIP-4844 on the mainnet is anticipated around May 1st.

Arbitrum One and Arbitrum Nova plan to upgrade to the ArbOS20 "Atlas" version, and the proposal has been approved by the Arbitrum DAO. To ensure stable operation of the network, all node operators need to upgrade Nitro nodes to version 2.3.1 or higher 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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