Fidelity Digital Assets: Ethereum Dencun upgrade may mean that L2 chain transaction fees are close to zero

Fidelity Digital Assets said in a research note on Wednesday that the Ethereum network Dencun upgrade is scheduled for March 13, the first step in realizing its Rollup-centric roadmap that will allow the network to As a database suitable for L2 chains to store data more efficiently and cheaply. Analyst Max Wadington wrote: “Ethereum’s improvements as a database provide L2 users with the opportunity for near-zero transaction fees,” which could attract more users. The report believes that the upgrade will provide the scaling needed to support millions of users on the L2 chain, making it a “distributed database more suitable for other chains.” The report predicts that these improvements will bring more users to the Ethereum ecosystem and should expand the network’s total addressable market (TAM). (CoinDesk)