A group of developers has launched Ethereum R1, an independent layer-2 scaling solution for Ethereum. Unlike traditional models, it avoids centralized dependencies and governance risks, focusing on simple and decentralized mechanisms.
With the Dencun upgrade in March 2024, Ethereum’s fees dropped significantly, leading to a sharp decline in revenue by September 2024. This change prompted discussions about improving L2 solutions to better align with Ethereum’s scalability goals.
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