The Ethereum's Dencun upgrade, combining Cancun and Deneb, is set to launch on March 13.

Proto-danksharding included in the upgrade aims to reduce gas fees and speed up transaction processing.

Key Ethereum Improvement Proposals (EIPs) like EIP-7044 are integrated to bolster scalability, security, and user experience.

The upgrade is expected to enhance Ethereum's appeal to startups and contribute to its DeFi ecosystem growth.

Anticipation of the Dencun upgrade has pushed Ether's value to $4,000 and Bitcoin to a record high.

The upgrade is viewed as a crucial development for layer-2 scaling solutions affecting Ethereum's scalability.