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Home»ADOPTION NEWS»Due to the Delta hard fork, fees on the Optimism ecosystem chain were reduced.
ADOPTION NEWS

Due to the Delta hard fork, fees on the Optimism ecosystem chain were reduced.

By Crypto FlexsMarch 1, 20242 Mins Read
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Due to the Delta hard fork, fees on the Optimism ecosystem chain were reduced.
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Posted 1 minute ago In ~

The Delta hard fork was deployed to various Optimism-based chains last week, including OP Mainnet, Base, and Zora.

This update, aimed at reducing fixed overhead costs for Layer 1 fees, represents a significant reduction in line with initial expectations. According to OP Labs, Delta has helped reduce costs for chain operators by optimizing blockchain operations.

OP Labs, the core developer of Optimism, demonstrated the effectiveness of the Delta hard fork in reducing fixed overhead costs with data from Zora-sepolia, showing a 90% reduction in those costs. This increased Zora’s revenue collection.

“We expect this upgrade to ease the fee burden on all chain operators, making OP Stack adoption much easier,” OP Labs said.

The introduction of Span Batch, a key feature of the Delta upgrade, allows for consolidating successive layer 2 blocks into a single batch, reducing the amount of data that needs to be published to Ethereum.

The feature, developed by Test in Prod using an initial design from researcher Protolambda, was expected to reduce L1 fees by 6% to 11% for active chains and by more than 90% for less active chains before Delta was implemented. These predictions remained intact after implementation, the company noted.

Optimism consists of an ecosystem of layer 2 chains (collectively referred to as Superchains) that leverage optimistic rollups to reduce transaction costs for Dapps. This ecosystem is governed by a DAO known as the Optimism Collective.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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