Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»The Ethereum Dencun upgrade date caused a surge in the value of layer 2 protocol tokens.
ETHEREUM NEWS

The Ethereum Dencun upgrade date caused a surge in the value of layer 2 protocol tokens.

By Crypto FlexsMarch 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Ethereum Dencun upgrade date caused a surge in the value of layer 2 protocol tokens.
Share
Facebook Twitter LinkedIn Pinterest Email

The imminent release of the Ethereum Dencun upgrade at 14:00 UTC today, March 13th, has seen a notable spike in the prices of native tokens for layer 2 protocols including Arbitrum, Polygon, and Optimism.

According to CryptoSlate’s According to the data, the sector has surged around 5% in the last 24 hours, reaching a total market capitalization of $20.21 billion. This growth maintains the consistent upward trend of 10% observed throughout the week.

Layer 2 Token Increase

In the past 24 hours, Arbitrum’s ARB token has surged about 10%, reaching $2.18. This surge coincides with the team’s plans to launch over $1 billion worth of ARB tokens this week.

According to L2Beat, Arbitrum is the leading layer 2 Ethereum scaling solution with approximately $16 billion worth of assets locked on the platform.

During the same period, the MATIC token on the Polygon network rose 4% to $1.23, its highest since March 2023. This upward trend coincides with a notable increase in active addresses on the Polygon PoS chain, reaching over 1 million per day. This address has been active for 20 consecutive days.

Likewise, Optimism’s OP token rose 2.26% to $4.5, according to CryptoSlate data. This is an important milestone considering the starting point of around $3.50 earlier this month.

Notably, the Optimism Foundation announced a private sale of 19.5 million OP tokens last week. The buyer is not disclosed, but the contract includes a two-year vesting period.

Lastly, Loopring’s LRC has experienced a modest rise of 1.34% over the same reporting period and is currently trading at $0.43140 at press time.

Why are they rising?

The token’s price surge is due to the Dencun upgrade, which is scheduled to be released in the coming hours.

Dencun aims to significantly improve Ethereum’s network scalability. The integration of EIP-4844, known as proto-dank sharding, lowers transaction costs on layer 2 chains by introducing blob-type transactions. This move minimizes data availability costs while enabling massive scale through layer 2 rollup.

Expected Ethereum L2 network gas fees after Dencun upgrade. (Source: IntoTheBlock)

Mara Schmiedt, CEO of Alluvial Finance, said: CryptoSlate The Dencun upgrade represents a major leap forward in Ethereum’s ecosystem resilience and performance.

According to her:

“The combination of Ethereum’s rollup-centric scalability model, the upcoming Dencun upgrade, and the rapid proliferation of L2 and transaction growth points to an optimistic future.”

Mentioned in this article
recent Alpha market report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Nautilus launches anti -tamper prevention Oracles in Sui Mainnet.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 2025

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025
Most Popular

Partner in Advanced Ai Model Co-Creation with Flock.io Alibaba Cloud

April 24, 2025

Coinbase adds Ethena (ENA) to the listed roadmap and rises 8.6% price

June 3, 2025

RippleX Announces Major Update to XRP Ledger EVM Sidechain, Could This Trigger a Price Recovery?

January 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.