Optimism and different layer 2 scaling techniques corresponding to Arbitrum are imagined to make transactions on the Ethereum blockchain cheaper and quicker. After Ethereum completes its EIP-4844 improve, additionally referred to as proto-danksharding, later this yr, it should make transaction charges on layer 2s even “an order of magnitude cheaper,” Marc Arjoon, Ethereum analysis affiliate at CoinShares, wrote in a be aware.