Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions

Barchart · 11/26 03:14

Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March's record activity.

The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum.

Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in the past week.