Wellfield Technologies Inc. provide an update following Ethereum's biggest upgrade in almost a year, aimed at improving scalability and lowering transaction fees. On Ethereum Layer 2 blockchains, also known as Rollups, network fees have dropped to a mere one cent, including on Coinmama's recently announced decentralized exchange. These developments reinforce management's confidence in Ethereum's ability to support Wellfield's brands and platforms, aimed at using the latest blockchain technology to make DeFi user friendly and approachable.

Rollups play a crucial role in Ethereum's roadmap for a scalable, secure, and sustainable ecosystem. Notable Rollups such as Optimism, Arbitrium, Starknet, and ZK Sync are key in helping Ethereum handle more users and transactions while maintaining its strong security and decentralization. The recent Dencun upgrade is a significant step forward.

It removes the requirement for Rollups to permanently store all transaction data on Ethereum's main blockchain and introduces a transitory data storage mechanism, called Blobs, that has high bandwidth and is cost efficient.