The Dencun improve in March 2024 is a crucial milestone for Ethereum, however it additionally brings unexpected challenges, particularly for layer 2 networks.
Galaxy researcher Christine Kim pressured that the improve inadvertently led to a rise in failed transactions on these networks.
Ethereum’s layer 2 community faces challenges
Kim August 21 analyzeThe article titled “150 Days After Dencun” revealed that for the reason that payment discount improve, there was a big improve in failed transactions and bot exercise on the layer 2 community.
The report highlights that after the launch of EIP-4844, the day by day transaction quantity of Ethereum L2 greater than doubled, including 6.65 million transactions in 150 days. Nonetheless, the rise in buying and selling exercise additionally comes with larger failure charges, which Kim attributes to bot exercise pushed by decrease charges.
Most transaction failures are associated to extremely energetic addresses, that are most certainly bots. L2’s low charges might spur a surge in bot exercise. For strange customers with regular transaction quantity, the failure price is simply barely larger than earlier than the Dencun improve.
Analysis exhibits that the proportion of failed transactions has elevated considerably on Arbitrum, Base and OP mainnets. Within the 150 days after Dencun, the failure price of Base climbed to 21%, Arbitrum rose to fifteen.4%, and the OP mainnet failure price rose to 10.4%. Alternatively, low-activity addresses with not more than 5 transactions per day had a most failure price of 4.02% throughout all networks.
Since March 13, 2024, the failure price of those addresses on the OP mainnet has decreased, whereas the failure price of Base has solely elevated barely. Curiously, after the Dencun incident, Arbitrum’s failure price for low-active addresses spiked by 545%.
The researchers mentioned that the discount in rollup transaction prices and the rise in failure charges for high-activity addresses recommend that bot exercise could also be inflicting a rise within the failure price of those rollups.
Solana faces the same dilemma
Transaction failure charges aren’t restricted to Layer 2 networks. In actual fact, the favored layer 1 community Solana additionally has a excessive transaction failure price.
in its newest ReportCoinbase says that between 25% and 45% of all Solana non-voting transaction charges are spent on failed transactions.
Binance Free $600 (CryptoPotato Unique): use this link Join a brand new account and get an unique $600 welcome provide from Binance (full details).
BYDFi Alternate 2024 Restricted Time Provide: Welcome Bonus As much as $2,888, use this link Register without cost and open a place with 100 USDT-M!
