🪙 Since March 2024, the Ethereum network's revenue has fallen by 99% - this happened after the Dencun hard fork, one of the main components of which was the EIP-4844 update, which implemented the Proto-Danksharding option.

Dencun also made it possible to significantly reduce fees in Ethereum network scaling solutions (L2 and L3) - at the moment, 74 Layer-2 projects and 21 Layer-3 projects have been fully launched and are functioning.

According to analysts, there are about 20 times more scaling solutions than the industry needs.

Exciting developments in Ethereum scaling post-Dencun hard fork with EIP-4844 and Proto-Danksharding. Growing number of Layer-2 and Layer-3 projects show promise for reduced fees and improved network efficiency, despite revenue dip. Scalability solutions outpacing industry demand.