Bedrock update cuts Optimism network fees in half

Average transaction fee on Optimism’s L2 network dropped by 56% from $0.57 to $0.16 after a recent Bedrock update, according to a dashboard Dune.

Over the past few days, users have saved nearly $150,000 in gas bills.

“Most of the total cost of a transaction, about 86%, comes from the expected costs of sending data to [Ethereum]”, – said The Block Network Data Analyst at OP Labs Michael Silberling.

According to him, the decrease in commissions in Optimism is due to the fall in gas prices in the main network. At the time of writing, the Ethereum average is at 30 Gwei.

Optimism is currently one of the cheapest Tier 2 networks in terms of fees. In the rating of the L2Fees service, only Loopring and Polygon are ahead of it.

According to the data DefiLlamathe total amount of blocked funds in Optimism reaches $865.5 million.

Recall that in May, the Worldcoin startup team announced the transfer of applications from the Polygon network to the Optimism ecosystem. The project of OpenAI head Sam Altman began collaborating with the developers of the L2 solution almost a year ago to develop a proposal to improve Ethereum − EIP-4844.

Average transaction fee on Optimism’s L2 network dropped by 56% from $0.57 to $0.16 after a recent Bedrock update, according to a dashboard Dune.

Over the past few days, users have saved nearly $150,000 in gas bills.

“Most of the total cost of a transaction, about 86%, comes from the expected costs of sending data to [Ethereum]”, – said The Block Network Data Analyst at OP Labs Michael Silberling.

According to him, the decrease in commissions in Optimism is due to the fall in gas prices in the main network. At the time of writing, the Ethereum average is at 30 Gwei.

Optimism is currently one of the cheapest Tier 2 networks in terms of fees. In the rating of the L2Fees service, only Loopring and Polygon are ahead of it.

According to the data DefiLlamathe total amount of blocked funds in Optimism reaches $865.5 million.

Recall that in May, the Worldcoin startup team announced the transfer of applications from the Polygon network to the Optimism ecosystem. The project of OpenAI head Sam Altman began collaborating with the developers of the L2 solution almost a year ago to develop a proposal to improve Ethereum − EIP-4844.