Optimism (OP) Upgrade Unveils Cost Reduction: What’s the Impact on Prices?

The Bedrock upgrade, recently carried out on the Layer-2 (L2) solution Optimism (OP), has created a different world for users when it comes to network costs. But will these improvements affect the price? Following the eagerly awaited upgrade introduced on June 8, blockchain analytics firm Dune stated that average total costs have dropped by 56% and the cost of transferring Ethereum (ETH) from the base layer to L2 has significantly decreased. Consequently, Optimism users saved more than $210,929 since the upgrade. According to a Dune dashboard that tracks Optimism’s post-transition statistics, the Bedrock upgrade also resulted in a significant reduction in average transaction fees per transaction. The cost per transaction fell 58% from $0.29 to $0.12 on June 9. Web3 enthusiast James Ross stressed in his Twitter statements that these improvements brought Optimism’s fees on par with other aggregators like Polygon zkEVM and zkSync, and lower than the largest L2 […] The post Optimism (OP) Upgrade Unveils Cost Reduction: What’s the Impact on Prices? appeared first on COINTURK NEWS.