Base’s Daily Transaction Soars 350% to 2 Million After Dencun Upgrade

Bittime - Base, the Layer 2 (L2) for Ethereum, recorded a significant spike in the number of daily transactions following the implementation of the Dencun. Based on Dune Analytics data, Base experienced a 350% increase in daily transactions, reaching 2 million transactions per day.

Increased Transactions Driven by Decreasing Fees

This spike occurred in line with a significant decrease in transaction fees after the Dencun upgrade. Dencun implements Ethereum Improvement Proposal 4844, which introduces "data blobs" or proto-danksharding. This technology increases L2 data availability, which in turn can reduce gas costs by up to 90% for some networks.

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Impact of Dencun Upgrade on Base

The Dencun upgrade brings several key benefits to the Base:

• High Scalability: Dencun allows Base to process more transactions per second, addressing the frequent congestion issues in Ethereum Layer 1.
• Lower Transaction Fees: The significant reduction in gas fees makes Base a more attractive option for users looking for a low-cost crypto transaction solution.
• Better User Experience: Faster transactions and lower fees provide a smoother and more efficient user experience.
• Wider Accessibility: Lower fees open the door for more users to participate in the Ethereum ecosystem, including users with limited devices and internet connections.

Also Read: Dencun Impact: History of Ethereum Upgrades Future Domination of ETH?

Increasing Ethereum Adoption

The 350% increase in Base daily transactions shows that the Dencun upgrade has had a significant positive impact. This marks a major step forward in Ethereum's scalability and efficiency, and paves the way for wider adoption. Base is also committed to:

• Work closely with the Ethereum community to ensure a smooth transition to sharded L2.
• Develop innovative solutions to improve Ethereum scalability and security.
• Providing the best user experience for dApps developers and users.

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Ethereum's Bright Future

With the implementation of the Dencun upgrade, Base is poised to become the leading L2 solution for Ethereum. Base's innovative technology and high scalability will help Ethereum achieve its goal of becoming a blockchain platform that can be accessed and used by everyone.

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How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

Ethereum Dencun Upgrade: Here's What You Need to Know!

Interesting Facts About the Dencun Ethereum Upgrade, You Must Know! 

DenCun Ethereum Upgrade Guide, Follow the Steps!

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.