The Dencun upgrade, launched on March 13, 2024, is considered one of the most significant improvements to Ethereum’s network. The upgrade combined the Cancun upgrade on the execution layer and the Deneb upgrade on the consensus layer, implementing a total of nine Ethereum Improvement Proposals (EIPs). The primary goal was to enhance Ethereum’s scalability and reduce transaction costs for layer-2 networks.

According to YCharts data, the average gas fee on Ethereum has fallen from 72 gwei in 2024 to just 2.7 gwei as of March 12, 2025. NFT sales, which had averaged $145 in gas fees last year, now only cost around $0.65.

Significant Decline in ETH Price

Despite the major drop in gas fees, the price of Ethereum (ETH) has declined 53% over the past year. During the Dencun upgrade in March 2024, ETH was trading above $4,070. As of March 13, 2025, ETH is priced at $1,891, according to CoinGecko.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Dominik Harz, co-founder of Build on Bitcoin (BOB), commented to Cointelegraph that Ethereum has “underperformed” recently. Harz noted, “Since Trump’s election, Monday’s price drop erased all DeFi TVL gains. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the industry is searching for a new, more sustainable and secure frontier for DeFi.”

Pectra Upgrade Faces Issues During Testing

Ethereum’s next major upgrade, Pectra, was rolled out on its final testnet, Sepolia, on March 5. However, soon after deployment, the team encountered issues with error messages and empty blocks being mined. Ethereum developer Marius van der Wijden confirmed that a fix had been deployed, but an unknown user later triggered the same issue, causing further disruptions.

Harz stated that while these testnet issues may delay the mainnet launch, they are far from Ethereum’s biggest challenge. The Pectra upgrade is expected to double data space for layer-2s, lower costs, and increase execution capacity. However, Harz warned, “While that’s a step in the right direction, the reality is that Ethereum is quickly losing its position as the go-to chain for builders, and Pectra isn’t the fix-all solution to its deeper issues.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Huge Drop in Ethereum Average Transaction Fees! appeared first on Coin Engineer.

You might like: Binance Lists This Altcoin!

Dencun’s test on Sepolia began at 22:51 UTC on Tuesday and was quickly completed. Ethereum Foundation DevOps engineer Parithosh Jayanthi said in a tweet, “Blobs are now flowing on Sepolia” and “Eventless Testnet forks are the best!”

Ethereum core developers deployed the upgrade on the Goerli testnet in early January. The upgrade is scheduled to be launched on the third and final testnet, Holesky, on February 7th.

After the third successful Testnet deployment, the Ethereum team is expected to set a Mainnet launch date for Dencun.

One of the features Dencun is expected to bring is proto-danksharding, which aims to improve scalability by reducing gas fees and introducing a new, compressed data storage mechanism called “blobs.”

In a statement, Ethereum co-founder Vitalik Buterin said, “A blob-carrying transaction is like a normal transaction, but it also carries an extra piece of data called a blob. Blobs can be extremely large and can be much cheaper than similar amounts of calldata.“

Ethereum’s last major upgrade, Shapella, was released in March 2023. This upgrade allowed users and validators to withdraw their staked ETH from the network.

The post Ethereum Dencun Upgrade Goes Live on Sepolia Testnet appeared first on Coin Engineer.

Celer starts by supporting the ETH bridge between Scroll and our other supported chains on cBridge. This allows users to easily transfer ETH across various protocols.

In the beginning, it uses xLiquidity, a liquidity pool-based model to support token transfers between the Scroll Mainnet and other chains. Also, Celer’s Integrated Cross-Chain Messaging Framework with Scroll allows developers to create dApps with seamless cross-chain application logic. These dApps not only provide seamless cross-chain user experience between various chains and layer-2’s, but can also support features such as NFT bridges, the ability to buy and bid for NFT across different chains, and claim cross-chain rewards.

As we continue to expand interoperability efforts and support more tokens and chains, keep following us for more exciting updates. The potential is truly limitless, and Celer would be delighted to have you with us as we shape the future of cross-chain connections.

You might like: Taiwan Parliament Passes Crypto Law Proposal from First Approval

What is Scroll?

Scroll is a native zkEVM Layer 2 scaling solution for Ethereum, taking priority in security and decentralization while offering lower costs, higher speeds, and limitless scalability. Scroll provides almost the same experience for Ethereum developers working on Scroll with byte code level compatibility and high composability. A globally decentralized team established Scroll in 2021 with the goal of addressing the Ethereum scaling trilemma.

What is Celer?

Celer is a blockchain interoperability protocol that facilitates easy access to Token, DeFi, GameFi, NFT, governance solutions, privacy solutions and much more across different chains. Developers can create native dApps providing efficient liquidity use, consistent application logic, and access to shared states using Celer’s Cross-Chain Message SDK. Users of Celer featured dApps will encounter the simplicity of a user experience of a transaction performed on a single chain while also benefiting from the advantages of a multi-blockchain ecosystem.

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Celer Initiates Bridging for Scroll Mainnet! appeared first on Coin Engineer.