Ethereum Upgrade: Cheaper Gas Fees and Scaling Progress
Ethereum Upgrade: Cheaper Gas Fees and Scaling Progress
🚀 Cheaper Fees Incoming!
ZKSync, an Ethereum Layer 2 scaling solution, has successfully implemented the Dencun upgrade, which supports EIP-4844 (proto-danksharding) and utilizes blob-carrying transactions to reduce gas fees. OpenZeppelin audited the upgrade for security. While the full impact on transaction fees across Layer 2 solutions may take time to stabilize, ZKSync is starting with one blob per batch to ensure a smooth transition. This upgrade marks a significant milestone in scaling Ethereum and bringing it closer to mainstream adoption, with further work ongoing on validiums, data availability layers, optimized zero-knowledge proofs, and future protocol upgrades.
Happy Dencun upgrade to all Ethereum users🎉 Congratulations to @zksync for achieving cheaper gas fees. OpenZeppelin audited the @zksync upgrade to support proto-danksharding and the utilization of blob-carrying transactions defined in EIP-4844. Check the report 👇🏻
The first L2 blobs to go live secured by @OpenZeppelin 🫡 blog.openzeppelin.com/eip-4844-suppo…
It’ll take some time for the larger Ethereum ecosystem to see the full effects of EIP-4844 on L2 transaction fees. The fee markets will mature as other L2s post blob data. @zksync is starting with 1 blob per L2 batch to give ourselves the ability to switch back to calldata and
The blobs are here (づ｡◕‿◕｡)づ ⭐ @zksync was the first L2 to post a 4844 blob on Ethereum. It'll take a few days for transaction fees to stabilize across all L2s as the fee markets adjust. In the coming days, we'll see the full impact of 4844 on zkSync 🧵
ZKsync Analytics Dashboard Launch
A new comprehensive analytics dashboard for the ZKsync ecosystem has been released by Blockworks Research. The platform serves as an all-in-one monitoring solution for Elastic Network activity. - Provides detailed metrics and insights into ZKsync operations - Builds on previous ecosystem analysis of ZKsync and Mantle integrations - Highlights EigenLayer's growing influence in Ethereum's security infrastructure The dashboard represents a significant step forward in transparency and accessibility of Layer 2 analytics.
Solx Compiler Announces New Release and Social Media Presence
The Solx compiler project has announced a significant update with a new release. The team has also established an official presence on X (formerly Twitter) to better connect with the community. - New version released with updates - Official X account launched: [@solx_compiler](https://twitter.com/solx_compiler) This development follows their earlier collaboration with Universal and Morpho Labs on the SOL2x project, which focused on leveraging capabilities for the Index Cooperative platform.
zkSync Bridge and Enterprise Updates
zkSync has launched significant updates to their infrastructure: - Bridge interface received a major redesign, improving user experience and accessibility at [zkSync Era Bridge](http://zksync.io/era#bridges) - Enterprise solutions platform expanded with new features at [zkSync Enterprise](http://www.zksync.io/enterprise) The updates focus on streamlining cross-chain transactions and enhancing institutional support. These improvements align with zkSync's continued development of Layer 2 scaling solutions for Ethereum.
ZKsync Open Sources Key Infrastructure Components
Matter Labs has open-sourced two significant repositories that advance zkSync's infrastructure: - **ZKsync Airbender**: A new proof system that enhances interoperability capabilities - **ZKsync OS**: A flexible platform supporting multiple Virtual Machines (EVM, EraVM, WASM) with Airbender verification These releases build on zkSync's commitment to open source development, making ZK technology more accessible to developers. Check out the code at [zkSync OS Repository](https://github.com/matter-labs/zksync-os). Further details about interoperability features expected in coming weeks.
Nana Murugesan and Jeremy Allaire Discuss ZK Proofs on The Money Movement Podcast
Nana Murugesan joins Jeremy Allaire on The Money Movement podcast to explore zero-knowledge (ZK) proofs. The discussion covers: - The necessity of ZK-proofs for Ethereum scaling - ZK-powered applications in privacy and identity - How ZK technology is facilitating institutional adoption of blockchain This episode follows a recent trend of industry leaders discussing ZK technology. Previously, Sandy from Scroll emphasized the importance of developer-friendly tooling to drive real-world adoption of ZK proofs. **Listen to the full episode:** [YouTube Link](https://www.youtube.com/watch?v=oL7NM6chBQM)