"After the Shapella upgrade in March last year, Dencun, the next major upgrade of Ethereum, was successfully launched on the Goerli testnet on January 17. Subsequently, as planned, Sepolia was launched in Beijing Successfully launched on 1/31."
According to Wenmerge data, Holesky, the last public Ethereum test network to be upgraded before the Ethereum main network, is expected to be launched at 7:30 this evening (Beijing time). Following the successful launch of Holesky, the specific launch date of the mainnet is expected to be determined during the AllCoreDevs conference call tomorrow. At present, the mainnet launch time range is estimated to be between early March and mid-March.
Dencun upgrade: enhanced scalability and reduced transaction fees
The word Dencun is a compound word composed of Cancun (Cancun) and Deneb. In this upgrade, Cancun mainly makes rule changes for the Ethereum execution layer, covering updates to all protocols. At the same time, Deneb, as the consensus layer responsible for block verification, will undergo an independent fork upgrade. Therefore, the combination of these two parts of the upgrade is called Dencun.
Dencun upgrade includes multiple updates, among which the core proposal that receives the most attention is EIP-4844: Proto-Danksharding. The proposal introduces a new transaction type Blob for temporary storage of transaction data, which can be deleted after 18 days. This move greatly improves Ethereum’s scalability and is expected to reduce Layer 2 transaction costs by 10-100 times. This update will bring huge potential and opportunities to the Ethereum ecosystem.
There are several other proposals for the Dencun upgrade, such as EIP-1153, which introduces a "temporary storage" system to further reduce costs. There is also EIP-4788, a proposal that enhances transparency by storing the root of each Beacon Chain block in a smart contract.
The leading position of the public chain cannot be shaken?
It is worth mentioning that after the public chain Solana suffered a crash yesterday evening (6th), NTFFinance founder @tytaninc expressed his views on Ethereum on the X platform. He pointed out that Ethereum occupies 57.8% of the market share in the DApp deposit market, with total value locked (TVL) reaching $34.8 billion, far ahead of other competitors. This data once again demonstrates Ethereum’s position as the most popular and active blockchain platform.
On the other hand, if Layer 2 solutions such as Polygon, Optimism, and Arbitrum are calculated together, their market share rises to 67.4%. Although the average transaction fee is US$5.85, in the past week, nearly 380,000 Active addresses interact with Ethereum DApps, showing their leading position in the DApp field. He said: This is why whales prefer Ethereum to other networks. For applications built on top of this network, network uptime is extremely important, regardless of whether the network is congested or not. I like Solana, but this is why Ethereum will stay on top for a while, if not forever.
TVL Market Share
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