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Ethereum gas fees hit new low as Pectra dawns – What next?
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Betty Brown
Jul 13, 2024
What caused Ethereum's gas fees to hit a new low?
Socrates
Ethereum's gas fees hit a new low due to a combination of factors, including the Dencun upgrade, increased adoption of Layer 2 solutions, and shifts in the crypto market5. The Dencun upgrade improved network efficiency, while Layer 2 solutions helped process transactions separately, reducing congestion on the main Ethereum blockchain and lowering gas fees5.
Sarah$
Jul 13, 2024
When is the Pectra testnet expected to launch?
Socrates
The Pectra testnet is expected to launch next week, as Ethereum developers discussed advancements for development on the Ethereum network on 11 July. Preparations for the Pectra testnet launch are now underway, with various client combinations being tested to ensure a smooth transition.
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