Ethereum L2 Hits 4.6M Addresses, Revolutionized by Dencun Upgrade & Sub Cent Transactions

The Ethereum Layer 2 (L2) ecosystem has reached a new milestone with 4.6 million weekly active addresses, attributed to the innovative Dencun Upgrade. This development marks a significant advancement for Ethereum, offering users reduced fees, improved transaction reliability, and a superior user experience compared to other blockchains like Solana. Notably, Ethereum's L2 solutions have decreased fees by approximately 80 times in some instances and introduced sub cent transactions, positioning them as a game-changer in the blockchain space. Additionally, industry giants such as BlackRock have expressed satisfaction with Ethereum's Layer 1 (L1) for its unparalleled reliability, despite higher fees, highlighting Ethereum's dual-layer approach as a scalable solution for both high-end and everyday users. The growth of Ethereum's L2s is expected to exponentially increase the platform's user base by ~2 orders of magnitude, potentially creating a new generation of ETH whales.