The Offchain Labs team has implemented an update to ArbOS, also known as Atlas. The upgrade will add support for BLOB transactions, designed to reduce the cost of data transfer from L2 to the Ethereum mainnet.
The blobs have landed on Arbitrum!
ArbOS 20 “Atlas” is now live, blobs are in effect, reducing data posting costs.
Additional execution gas fee reductions for Arbitrum One will go live on March 18.
More details below
https://t.co/amVT5EnQWE pic.twitter.com/pyS9AVORFF
— Arbitrum (
,
) (@arbitrum) March 14, 2024
Activation of Dencun in the network of the second largest cryptocurrency by capitalization took place on March 13. The key component of the upgrade is EIP-4844.
To integrate a new type of transaction, L2 networks need to carry out software updates.
The Arbitrum community almost unanimously supported Atlas, which includes most of the changes implemented as part of the upgrade that took place the day before.
Other layer 2 networks—Optimism, Base, and Starknet—have been able to significantly improve their gas efficiency thanks to Dencun.
Representatives of Offchain Labs expect a tenfold reduction in the average value of the base commission – from 0.1 Gwei to 0.01 Gwei. An operation that previously cost $0.5 will cost the user approximately $0.05.
Arbitrum is the leader among L2 protocols in terms of value locked (TVL). The figure is approaching $16 billion, according to L2Beat.
Previously, the opBNB second-level network from the BNB Chain developers was ahead of Arbitrum in terms of the number of transactions.
Source: Cryptocurrency
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