Summary
TLDR: Ethereum co-founder Vitalik Buterin expressed disappointment in the lower-than-expected usage of layer-2 networks following the Dencun upgrade. While transaction volumes have more than doubled, the usage of blobs on layer-2 networks is currently 67% lower than hoped. Despite this, some layer-2 networks like Polygon have yet to fully integrate Dencun, leaving room for growth. The low blob usage has resulted in rock-bottom gas fees, but it is expected that increasing demand will raise transaction costs. Buterin remains optimistic about future usage and expects it to increase in the coming months.
Key Points
1. Ethereum co-founder Vitalik Buterin expressed disappointment in the lower-than-expected usage of layer-2 networks following the Dencun upgrade.
2. The implementation of blobs through proto-danksharding drastically reduced layer-2 gas fees to near-zero, but the actual usage has not met the initial expectations set by developers.
3. While some layer-2 networks have seen significant increases in transaction volume since the upgrade, the overall usage of blobs on layer-2 networks remains lower than anticipated, leading to rock-bottom gas fees but raising questions about future transaction costs.