Blobspace revolutionizes transaction data management with "blobs" – efficient, temporary chunks on the blockchain. Introducing "blob gas," an independent pricing system, it breaks down

... substantially reducing gas fees, especially for Layer 2 (L2) solutions. This cost-effectiveness enhances the accessibility and appeal of L2 solutions, promoting their growth and adoption.

At the core of Dencun lies the incorporation of EIP-4844, bringing forth proto-danksharding, or blobspace, a revolutionary advancement intended to propel Ethereum's Layer 2 (L2) ecosystem towards achieving

LFG!

Finally we can taste some cheaper fees on Ethereum 😉 @ Q3 2023

What's next.? Ethereum next upgrade - EIP-4844 (proto danksharding) • Transaction blobs for cheaper fees and higher throughput • Multi-dimensional fee-market (proposer/builder) • Large reduction in rollup