The post L2 chains have the highest fees for the past three months as crypto market rallies appeared on BitcoinEthereumNews.com.

L2 chains are waking up – and requiring the highest fees in the past three months. None of the L2 chains offer their usual negligibly cheap transactions under $0.01, and all of the leading chains are competing to post to Ethereum.  Fees on leading L2 chains are catching up with the market frenzy. After months of nearly negligible fees, all major L2 chains have increased transaction costs, which they pass on to end users.  L2 transactions are still reasonable, especially given the recent peak gas fees on Ethereum. Yet even chains like Base, priding themselves on rock-bottom fees, have seen a significant increase. For high-frequency users and for more complex tasks, even the relatively scalable L2 may increase expenses.  Arbitrum fees increased based on stablecoin inflows and more demand for DEX and DeFi activity. | Source: Growthepie Optimism fees increased to $0.09, the same as Arbitrum, with higher rates for priority fees. The exact fees at any moment may vary, but the past few weeks saw the end of virtually free transactions. In October and November, blobs went above target levels more often, creating competitive pricing for apps, chains, and contracts to access block space.  The biggest change is for Arbitrum, which is going through a larger DeFi reawakening led by Aave V3 lending. The Arbitrum L2 chain is the most widely used for its speed and low fees. Arbitrum also attracted additional USDT activity, allowing for more active trades. As a result, Arbitrum fees saw the biggest short-term shift.  L2 chains also started paying higher fees to Ethereum, with Taiko still the leader. In the past week, fees to the L1 increased 5-6 times for most chains, with no more virtually free blob posting.  In addition to the known chains, unidentified blob posters also used L1 to secure their…

---

Filed under: News - @ November 13, 2024 8:26 pm