The Bedrock Upgrade has resulted in a significant fall in average transaction fees per transaction.
The Bedrock upgrade uses an optimized batch compression strategy and Ethereum as a data availability layer to lower the gas fees on the Optimism network.
The enhancements focused on three primary areas: decreasing deposit times, lowering L1 prices , and enhancing security measures.As of this writing, the upgrade hasn’t resulted in a meteoric rise in trading activity. Data from DeFiLlama showed that after an uptick of 6% on 9 June, the number of transactions processed on the rollup declined. A similar trend was observed for the number of users on the platform.
However, it was still early days and the actual impact of this significant upgrade could be felt in the days to come.
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