The highly anticipated Ethereum Dencun upgrade was successfully deployed on the Ethereum mainnet on March 13th, resulting in a significant drop in gas fees for Ethereum-based Layer 2 platforms within 24 hours. The integration of EIP-4844 has led to notable reductions in transaction fees across various Layer 2 networks, with average and median fees dropping during a specific hour, reflecting a positive impact on the performance of the network. The introduction of blobs to the Ethereum ecosystem is seen as a catalyst to invigorate the network and coincide with the influx of new users, providing them with an opportunity to engage with Ethereum without encountering high transaction fees. However, as demand for blobs grows, it is expected that fees on blob-enabled Layer 2 solutions will gradually increase over time, potentially impacting accessibility for smaller users or projects. Nonetheless, the successful deployment of the Ethereum Dencun upgrade has brought about positive changes for the Ethereum network, positioning it for further growth and expansion in the future.