Significant Reduction in Transaction Fees Across Layer 2 Networks

🀯 Tx Fees Plummet

By LI.FI / Jumper
Mar 28, 2024, 6:12 PM
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Transaction fees across major Layer 2 networks, including Arbitrum, Base, Optimism, and zkSync, have experienced a drastic overnight reduction of 50-99%.​ This development is attributed to the implementation of blobs, a technological solution.​ The new fees range from $0.​01 on Optimism to $0.​14 on Arbitrum, providing users with more cost-effective options for bridging and swapping cryptocurrencies on platforms like Jumper.​

Sources

Thanks to blobs, tx fee across L2s has reduced drastically overnight β€” from 50-99% 🀯 Arbitrum: $0.39 -> $0.14 Base: $0.37 -> $0.03 Optimism: $0.32 -> $0.01 zksync: $0.19 -> $0.1 It’s time to bridge and swap your hearts out on Jumper frens!

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Tom Wan
Tom Wan
@tomwanhh

Preliminary Findings on Dencun Upgrade 1/ Median transaction Fee dropped from 50%-99% Arbitrum: $0.39 -> $0.14 Base: $0.37 -> $0.03 Optimism: $0.32 -> $0.01 zksync: $0.19 -> $0.1 Zora: $0.2 -> $0.001

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