Vitalik Urges Ethereum Developers To Target ‘Millions’ Of Users Post-Dencun
Ethereum‘s chief scientist said Ethereum is ready to support applications servicing millions of users following Dencun’s massive L2 fee reductions. Vitalik Buterin, the chief scientist and co-founder of Ethereum, penned a blog post calling on developers to pivot their focus towards building new applications that could serve millions of users following the activation of its Dencun upgrade earlier this month. Ethereums highly-anticipated Dencun fork went live on March 13, ushering fee reductions of up to 95% on Layer 2 networks supporting EIP-4844 — the main upgrade included in Dencun. The fee reduction also precipitated triple-digit increases in transaction volume on leading L2s. Buterin described Dencun as the most significant Ethereum upgrade since The Merge, which transitioned the network to Proof of Stake consensus in September 2022. “As of two weeks ago, the two largest changes to the Ethereum blockchain — the switch to Proof of Stake, and the re-architecting to blobs — are behind us,” Buterin said. With fees on many Layer 2s now sitting below six cents, Buterin issued a challenge to developers to begin building applications addressing non-financial use cases that could serve “millions” of users. “Pretty much every crypto application that is not financial speculation depends on low fees — and so while