Dencun Upgrade Impacts Ethereum: L1 Revenue Dives, L2s Soar

Quick Summary:

However, following the Dencun upgrade, daily revenue started to fall, reaching a yearly low of $200,000 by September 2.

Data from Token Terminal reveals that the network’s revenue peaked at $35 million on March 5.

Ethereum’s Layer-1 network has seen its revenue drop by a staggering 99% over the past six months.

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Article Details

Author / Journalist: Ebiseyei Badei

Category: Crypto

Markets: IndiaCanada

Topics: Market Blockchain News Ethereum News Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 05:41:18 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 167 words

Reading Time: 1 minutes read

Sentences: 54 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22373012

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

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