“Five Days Left Until Ethereum’s ‘Dencun Upgrade’
David Silverman, the Vice President of Product at Polygon Labs, stated that the integration of various Layer2 solutions will not depend on the timing of the Dencun upgrade, which includes multiple improvement proposals known as EIPs.
With less than a week remaining until Ethereum’s ‘Dencun Upgrade’, it is understood that the main network is scheduled to undergo updates for the Execution Layer (Cancun) and the Consensus Layer (Deneb) on March 13th, at Epoch 269568. This upgrade includes nine different EIP proposals and is expected to reduce the cost of storing data on the blockchain for Layer2 solutions.
Despite the imminent launch of the main network upgrade, David Silverman, the Vice President of Product at Polygon Labs, has stated that the implementation of these proposals will take a few weeks after the Dencun upgrade. He pointed out that major Layer2 solutions, such as Optimism, will follow suit after the main network upgrade. For example, OP Stack is expected to upgrade and expand its advantages to the Optimism Superchain ecosystem. Therefore, in the future, Base, Mode, Zora, Aevo, and Fraxtal will all be part of this ecosystem, according to Base’s official statement.
On the other hand, Polygon zkEVM plans to support EIP-4844 in its upcoming Feijoa upgrade. Following the Elderberry upgrade last month, the Feijoa upgrade is expected to go live on the testnet in April. Based on the Polygon zkEVM standard 10-day ‘Timelock’ mechanism, EIP-4844 is expected to go live on the Polygon mainnet around May 1st.
Furthermore, Arbitrum One and Arbitrum Nova have planned to upgrade to version ArbOS 20 ‘Atlas’, and this proposal has been approved by ArbitrumDAO. To ensure the stable operation of the network, all node operators need to upgrade their Nitro nodes to version 2.3.1 or a later version by March 14, 2024.
In addition, the Dencun upgrade has already been launched on Arbitrum Sepolia on February 29, 2024. These upgrades will significantly enhance the performance and functionality of the Arbitrum chain.
With the news of the ‘Dencun Upgrade’, major Layer2 solutions have experienced significant price increases within 7 days. Polygon has risen by 14.6%, Optimism by 22.7%, and Arbitrum by 10.1%.
Related Reports:
– Two Weeks Left Until Ethereum’s Cancun Upgrade: Can Dencun Solve the Scalability Issue?
– Morning Report: Ethereum Approaches $3,000, Will the Cancun Upgrade Be the Catalyst? Bitcoin Weakens and Falls below $52,000.
– After Ethereum’s Cancun Upgrade, Layer2 Solutions Will Face ‘Internal Struggles’: How Will the Market Evolve?”