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Ethereum Fees Pushed Higher by DEX Trading as Optimism's Upgrade Nears
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As Ethereum (ETH) continues to be plagued by high gas fees, the layer 2 (L2) scaling solution Optimism is expected to launch a major upgrade on November 11.
"There is progress being made towards scalability via L2 scaling solutions that promise lower fees and full alignment with Ethereum. This Thursday (November 11th) the L2 solution Optimism is set to release one of its biggest upgrades which will, among other things, greatly improve the developer experience building on Optimism," according to crypto analysis firm Coin Metrics.
Layer 1 (L1) is the base protocol (the Ethereum blockchain), while L2 is any protocol built on top of Ethereum.
Decentralized finance (DeFi) startup Optimism announced "the biggest update in Optimistic Ethereum's
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