L2 Revolution: CoinEx Research’s Take on Ethereum’s Dencun Upgrade

The Ethereum Cancun-Deneb, also known as Dencun, is the next significant upgrade to the world’s second-largest blockchain. BeInCrypto sat down with CoinEx VP and Lead of CoinEx Research Bonnie Chan to explore its transformative power, discuss the significance of Layer-2 solutions, and shed light on the future of the Ethereum ecosystem.

All Eyes on Dencun

CoinEx Research was established to align with CoinEx’s overarching slogan — making trading easier. At the core of the team’s vision lies the aspiration to reduce barriers to decentralized finance, ultimately empowering people to engage, learn, and participate in cryptocurrency investment.

With the recent Dencun upgrade, CoinEx’s research team mainly focuses on several key aspects. The Cancun-Deneb, as Bonnie highlights, includes five main EIPs. EIP-4844 is garnering significant market attention since its main purpose is to solve the scalability problem of Ethereum and lower the transaction costs of L2 solutions. This enhancement is poised to attract more capital and users, fostering greater adoption and investment within the whole ecosystem.

Name-wise, the team’s attention is drawn to a few projects. By diving deeper into them, CoinEx aims to gain insights into the potential benefits and innovations introduced by the Dencun upgrade.

«We focus on three directions. Firstly, it’s two leading solutions — Optimism and Arbitrum, and their ecosystems. We also follow up on the progress of the Zk Rollup protocols, such as zkSync, Starknet, Scroll and Linea. Our team recognizes their importance in the future of Ethereum despite higher development complexity. And last but not least, we pay close attention to some L2s that are very popular and have strong technical capabilities, such as Metis, Manta, and Blast».

Arbitrum, as Chan notes, has always been the L2 with the highest number and richest protocols. GameFi and derivatives are the most prosperous sectors in its ecosystem, requiring very high TPS and underlying performance from the blockchain. After the introduction of EIP-4844, project parties and developers can focus on business-level i

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Author: Daria Krasnova

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