🪙 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 Dencun hard fork and EIP-4844 update have brought significant changes to the Ethereum network, leading to a drastic drop in revenue but paving the way for improved scalability solutions. With the implementation of Proto-Danksharding and the launch of numerous Layer-2 and Layer-3 projects, Ethereum is moving towards a more efficient and cost-effective ecosystem. The abundance of scaling solutions indicates a positive trend towards addressing the industry's needs for scalability.