Tom Ngo: "The Dencun update will be the foundation of global Ethereum penetration"
The CEO of the investment company Metis said that the latest update of the Dencun Ethereum network could be beneficial for traditional financial companies working with the cryptocurrency industry.
Tom Ngo believes that the implementation of the update can be considered a big step towards the large-scale implementation of more secure and predictable transactions by companies.
This is one of the most significant updates for L-2 networks, as it reduces gas charges, the businessman is convinced. The excessive transaction costs associated with Ethereum were one of the most significant problems for the international adoption of the network by customers for whom every cent matters.
However, Tom Ngo notes, despite the reduction in transaction fees in L2 networks, Dencun has not solved the problem of high costs in the main network. This may be one of the reasons why second-tier solutions attract more and more customers and financial resources.
The total blocked value of assets in L2 protocols, according to the L2Beat platform, reached $39.6 billion. This is four times more than in 2023 ($10.3 billion).
Source: https://bits.media/tom-ngo-obnovlenie-dencun-stanet-osnovoy-globalnogo-proniknoveniya-efiriuma/
