The Dencun upgrade marks a change in tactics for Ethereum, encouraging growth through improved layer-2 support.
A week on from the launch of Dencun, Ethereum’s latest update appears to be meeting expectations and, in some instances, surpassing them.
Dencun launched on March 13 with the promise of ushering in a new era of faster and cheaper transactions. Ethereum has historically struggled to ratchet up the speed of its base layer in line with demand, so Dencun shifts focus by scaling with the aid of layer 2s.
According to Brian Gallagher, co-founder of Partisia blockchain, the update is not a minute too soon as competition from rival blockchains threatens to erode Ethereum’s market dominance.
