Ethereum Fees Hit Record Low Post-Dencun Upgrade as L2 Transactions Surge—ETH Transitions from Deflation to Inflation

On October 6, COINOTAG reported that following the recent Dencun upgrade, there has been a significant **surge** in Layer 2 (L2) transactions on the Ethereum network. According to data from **IntoTheBlock**, this has resulted in Ethereum mainnet fees reaching a **historical low**. The implementation of **EIP-4844** has effectively reduced L2 costs by a staggering **10 times**, facilitating a record volume of transactions. However, this positive development has coincided with a notable shift in **Ethereum’s monetary policy**; the decrease in ETH destruction rates has shifted the asset from a state of **deflation** to **inflation**. This transition may have substantial implications for **investors** and the broader ecosystem as it adjusts to changing **economic conditions** within the blockchain space.