Upcoming Ethereum Upgrade and Its Impact on Layer 2 Adoption
An upcoming Ethereum upgrade, known as the Dencun upgrade, is expected to reduce gas fees on the network. This has raised questions about whether users and developers will increase their utilization of Layer 2 solutions, which offer faster and cheaper transactions. The upgrade aims to improve the scalability and efficiency of the Ethereum blockchain, potentially making Layer 2 solutions more attractive for swapping and bridging assets.