1. What is the Dencun Upgrade？ Every upgrade Ethereum undergoes is named after the location of the Ethereum Developers Conference. Past upgrades include the London upgrade, the Berlin upgrade, and1. What is the Dencun Upgrade？ Every upgrade Ethereum undergoes is named after the location of the Ethereum Developers Conference. Past upgrades include the London upgrade, the Berlin upgrade, and
Learn/Market Insights/Hot Topic Analysis/The Impact ...cun Upgrade

The Impact of the Dencun Upgrade

Jul 16, 2025MEXC
0m
Share to
#Basic#Industry Buzz#Ethereum
Manchester City Fan
CITY$0.9272-6.69%
Brainedge
LEARN$0.01416-2.20%
Moonveil
MORE$0.07331-11.98%
Quickswap
QUICK$0.02013-2.18%
Router Protocol
ROUTE$0.004614-5.43%


1. What is the Dencun Upgrade？


Every upgrade Ethereum undergoes is named after the location of the Ethereum Developers Conference. Past upgrades include the London upgrade, the Berlin upgrade, and the previous Shanghai upgrade. This time, the Ethereum upgrade is named after the Mexican coastal tourist city of Cancun. Ethereum's Dencun upgrade is also known as Cancun-Deneb upgrade. If you want to learn more about the history of Ethereum upgrades, you can read "A Quick Review of Ethereum's Past Upgrades Route."

The purpose of the Dencun upgrade is to address Ethereum's scalability needs while reducing transaction costs on the second layer network and improving transaction efficiency. This Dencun upgrade is based on several Ethereum Improvement Proposals (EIPs), including EIP-4844, EIP-6780, EIP-1153, and EIP-6475, with EIP-4844 being the focus of this upgrade. For more details on upgrade proposals and scalability-related explanations, you can read "Dencun Upgrade: A New Chapter in Ethereum Scalability."

2. Dencun Upgrade Time


The Dencun upgrade is scheduled to officially launch on March 13, 2024. This date was determined after successfully deploying all Ethereum testnets (including Goerli, Sepolia, and Holesky), indicating that the Ethereum mainnet is ready for the upgrade.

Before the mainnet launch, comprehensive testing and verification of the upgraded features can be conducted on different testnets to ensure thorough preparation and network stability before the mainnet launch. If any contract vulnerabilities or issues are discovered during testing, adjustments may be made to the final launch time accordingly.

3. Impacts of Dencun Upgrade


3.1 Improving Network Efficiency and Scalability


The Dencun upgrade adopts a new scalability solution called Danksharding, which significantly enhances the network's transaction processing capacity and greatly improves scalability.

3.2 Reducing On-Chain Data Costs


After the Dencun upgrade, the gas fees for Layer2 data publishing to the Ethereum mainnet will be reduced. Especially for solutions based on Rollup, the gas fees for publishing data to the mainnet will be reduced to less than one-thousandth of the current cost.

3.3 Enhancing User Experience


The characteristics of low gas and high TPS will further unleash the potential of Layer2 networks, fostering more use cases such as games with high-frequency transaction needs. Users will no longer worry about transaction fees and efficiency while enjoying a richer ecosystem on Layer2 networks.

3.4 Boosting Investor Confidence


The Dencun upgrade will significantly enhance the utility of Ethereum, consolidating its position as the "King of Public Chains." Meanwhile, it will benefit Layer2 protocols and their ecosystems. The OP ecosystem will become more diversified, and the ZK ecosystem will become more available due to enhanced data availability.

The impact of the Dencun upgrade may have a positive effect on the market perception of Ethereum, which will help increase investor enthusiasm for ETH. Additionally, tokens related to the Layer2 sector affected by the upgrade, such as OP and ARB, will also become considerations for investors.

You can buy ETH Layer 2 network tokens on MEXC. Simply select [Spot] on the official MEXC website, select a spot trading crypto, such as ETH, OP, ARB, etc., and select an order type, such as market order, to place a buy order.


Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, consultation, or any other related services, nor does it constitute advice to purchase, sell, or hold any assets. MEXC Learn provides information for reference purposes only and does not constitute investment advice. Please ensure you fully understand the risks involved and exercise caution when investing. The platform is not responsible for users' investment decisions.

Popular Articles

What is Collector Crypt? The RWA Trading Revolution Behind 1 Million Digital Card Pack Sales

What is Collector Crypt? The RWA Trading Revolution Behind 1 Million Digital Card Pack Sales

TL;DR1) Collector Crypt has achieved over $70 million in annual revenue and successfully tokenized eight-figure GMV.2) 100% of net revenue from the CARDS token is used to purchase physical trading car

What is MIRA Network (MIRA Coin)? Complete Guide to the AI Verification Crypto Token

What is MIRA Network (MIRA Coin)? Complete Guide to the AI Verification Crypto Token

In the rapidly evolving world of artificial intelligence, one critical challenge threatens to limit AI's transformative potential: reliability. While AI systems excel at generating creative content, t

How to Export Futures Position History Data

How to Export Futures Position History Data

In futures trading, mastering and analyzing your historical trade data is the first step toward becoming a more experienced trader. MEXC's newly launched Futures Position History data export feature p

How to Rearrange the Open Position Information Columns in Futures Trading

How to Rearrange the Open Position Information Columns in Futures Trading

In Futures trading, once you have opened a position, it will appear under Open Position. The Open Positions list includes Trading Pair, Position, Avg Entry Price, Fair Price, Est. Liq Price, Margin Ra

Hot Crypto Updates

FalconStable (FF) Volatility Guide: How to Profit from Price Swings

FalconStable (FF) Volatility Guide: How to Profit from Price Swings

Understanding FalconStable (FF) Volatility and Its ImportancePrice volatility is a defining feature of cryptocurrency markets, representing the degree of price fluctuation over a given period. For Fal

What is FalconStable (FF)? An Introduction to Digital Assets

What is FalconStable (FF)? An Introduction to Digital Assets

What Exactly is FalconStable (FF) and Why Should You Care?FalconStable (FF) is a blockchain-based cryptocurrency that powers the Falcon Finance decentralized platform, which is focused on building uni

FalconStable (FF) in Bull vs Bear Markets: Winning Strategies

FalconStable (FF) in Bull vs Bear Markets: Winning Strategies

Understanding Bull and Bear Markets in FalconStable (FF)'s History Defining Bull and Bear Market Characteristics in Cryptocurrency The Psychology Behind Market Cycles Historical Context of FalconStabl

FalconStable (FF) Price Forecasting: Data-Driven Prediction Methods

FalconStable (FF) Price Forecasting: Data-Driven Prediction Methods

Introduction to Data-Driven Cryptocurrency ForecastingThe Critical Role of Data Analysis in FalconStable (FF) Investment DecisionsOverview of Key Forecasting Methods and Their ApplicationsWhy Traditio

Trending News

Open a long position in XPL with 10x leverage on Machi

Open a long position in XPL with 10x leverage on Machi

PANews reported on September 26th that, according to Onchain Lens, Machi (singer Huang Licheng) has opened a long position in XPL with 10x leverage. He also holds long positions in ETH (15x), HYPE (10

Aave Goes Live on Plasma, Innovating DeFi Lending and Stablecoins Utility

Aave Goes Live on Plasma, Innovating DeFi Lending and Stablecoins Utility

Aave integrates with Plasma to enable scalable DeFi lending for stablecoins, Ethereum assets, and tokenized gold with advanced security and risk management.

Schiff: Get Ready for ‘Crypto Ice Age’

Schiff: Get Ready for ‘Crypto Ice Age’

The post Schiff: Get Ready for ‘Crypto Ice Age’ appeared on BitcoinEthereumNews.com. Cryptocurrency sell-off Bearish Strategy warning Controversial financial commentator Peter Schiff has predicted tha

Fitell stock plunges after $100M Solana treasury strategy

Fitell stock plunges after $100M Solana treasury strategy

Fitell stock fell 21% after unveiling a $100M Solana treasury plan and rebrand, highlighting risks and growth of Solana treasuries. Fitell stock fell after the Australian fitness company announced a m

Related Articles

What is a Decentralized Exchange?

What is a Decentralized Exchange?

Based on data from holder.io, the total market capitalization recently reached trillions of dollars. Well-known exchanges such as MEXC, Binance, Coinbase, and others fall under the category of central

What are Ethereum Spot ETFs?

What are Ethereum Spot ETFs?

On May 24, 2024, the SEC approved the first eight Ethereum spot ETFs to be listed in the United States, including those from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark Invest, Invesco Galaxy

What is Liquid Restaking?

What is Liquid Restaking?

The opening of the last bull market was led by liquidity mining, inaugurating the "DeFi Summer." Therefore, many believe that this round of the bull market will still be initiated by the DeFi

What is Decentralized Finance (DeFi)?

What is Decentralized Finance (DeFi)?

In 2020, DeFi began to flourish, and in 2021, DeFi Summer ignited the market. In 2022, the total value locked reached a historic high of $219.47 billion. So, what exactly is decentralized finance?1. W

Sign Up on MEXC
Sign Up & Receive Up to 10,000 USDT Bonus