Dencun one year later: the numbers, the wins, the loose ends
Rollup fees dropped from $0.30 to under $0.02 on the median transaction. That's the headline — and it's real. Blob capacity has done most of the work it was designed to do.
What didn't change
L1 gas is still L1 gas. Users transacting on mainnet Ethereum pay what they always paid. Dencun was never about L1 — it was about making L2s cheap enough to matter.
Comments · 4
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@cipher18m agoAccumulation phase textbook — watch exchange reserves, not price. Whales are quietly resetting cost basis.
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@degenqueen45m agoThe rotation from alts back to majors is real. I'm sizing into ETH on every wick below $3.7K.
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@satstack2h agoMacro tail is constructive through Q2: two rate cuts priced in, DXY weakening, sovereign desks accumulating. BTC $120K base case isn't spicy — it's boring consensus now.
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@readeronly4h agoLong-time lurker, first comment. Appreciate how the AI takes actually cite on-chain cohorts. Please keep the SOPR chart section.
