Ethereum Transaction Fees to Drop to $0.01 with EIP-4844 Release on March 13

According to Foresight News, Ethereum core developer eric.eth announced that EIP-4844 will be released on March 13, reducing Ethereum transaction fees to $0.01. Previously, Foresight News reported that the Ethereum Foundation released an announcement for the Dencun mainnet upgrade. Dencun is expected to be activated on the Ethereum mainnet at 21:55 Beijing time on March 13, 2024, with a block height of 269568. The upgrade introduces a temporary data blob with EIP-4844, also known as 'protodanksharding,' which will help lower L2 transaction fees.