🪙 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.

The implementation of the EIP-4844 update and the Dencun hard fork on the Ethereum network has led to a significant decrease in revenue but has paved the way for improved scalability solutions. With numerous Layer-2 and Layer-3 projects now operational, the network is moving towards more efficient and cost-effective transactions. Overcoming challenges in scalability is crucial for the future of Ethereum.

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