Summary
TLDR: Transaction costs on Ethereum Layer-2 networks like Optimism, Zora, and Base have significantly decreased after the Dencun upgrade. The introduction of blobs has led to lower operational costs for L2 networks, resulting in lower transaction costs for users. While transaction costs are currently very low, they may increase over time as demand for blobs grows.
Key Points
1. Median transaction costs on Ethereum Layer-2 networks like Optimism, Zora, and Base have significantly decreased following the Dencun upgrade going live.
2. The introduction of blobs through the Dencun upgrade allows for faster processing of data on L2 networks, leading to lower operational costs and reduced transaction fees for users.
3. While current transaction costs may be exceptionally low, it is expected that they may increase over time as demand for blobs grows, as noted by Ethereum developer Anthony Sassano.