TechFlow news, October 6 — According to IntoTheBlock data, after Ethereum completed the Dencun upgrade, mainnet transaction fees dropped to historic lows as Layer 2 (L2) transactions surged. The implementation of EIP-4844 has reduced transaction costs on L2 networks by a factor of 10, driving L2 ecosystem transaction activity to record levels. However, due to a decline in the amount of ETH burned, Ethereum has shifted from previous deflationary conditions to inflationary ones.





