Bittime - In a significant advance for the Ethereum ecosystem, the Dencun update brought down gas fees on the Starknet network by 99%, from a range of $2 to around $0.01-0.04. This drastic reduction in gas fees is an important achievement for the layer 2 ecosystem, especially Starknet.
Before the Dencun Upgrade
Previously, each gas transaction on Starknet cost around $2, but after the update, that fee dropped dramatically to around $0.01-0.04, registering a decrease of up to 99%.
Before the update, Starknet had a decline, but as soon as the update was implemented, there was a jump of nearly 10%, eliminating the previous loss. In a recent report, Starknet recorded a 6% increase within 24 hours. The network has delivered its first batch of data benefiting from lower gas costs thanks to the Dencun update.
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Ethereum Dencun Update
The Dencun Ethereum upgrade was welcomed as an important milestone for the ecosystem in almost a year's time. The update introduces a new method of storing data on blockchains that is notorious for its density and is expected to reduce transaction fees on the L2 network by just a few cents.
How the Dencun Update Affects Other Cryptocurrencies As a result, Starknet and other L2 networks are expected to attract more applications and drive increased activity.
In addition to Starknet, other layer 2 blockchain platforms related to the Ethereum network also performed mixed post-Dencun update. Native tokens from Polygon and Arbitrum, for example, experienced gains of between 8%-10% ahead of the update, but experienced a slight decline after the update.
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How to Buy Starknet (STRK) on Bittime
Kamu bisa beli dan jual Starknet (STRK) dengan cara yang mudah dan aman melalui Bittime. Bittime adalah satu aplikasi kripto terbaik di Indonesia yang sudah resmi terdaftar Bappebti.
Starknet (STRK) is available on Bittime with market pair STRK/IDR. To be able to buy STRK IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Starknet (STRK) on Bittime.
Monitor the price chart movements of Starknet (STRK), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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