Transaction fees on Ethereum Layer 2 networks have plummeted to record lows following the full rollout of the Dencun upgrade's blob space optimizations. Average fees on Arbitrum and Optimism now sit below one cent per transaction.
The cost reduction has spurred a wave of new decentralized application deployments, with gaming and social media protocols leading adoption. Daily active addresses across L2 networks have doubled since the upgrade went live.
Ethereum developers say the improvements validate their scaling roadmap and position the network to compete with high-throughput alternatives while maintaining its security and decentralization advantages.
