🪙 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.

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The significant reduction in Ethereum's revenue and the surge in scaling solutions are a double-edged sword. While Dencun's update has improved scalability, it may lead to inefficiencies and waste in the long run.