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Nearly 1 month since blobs entered the Ethereum ecosystem! Here's a snapshot of the current state:
Let's explore the world of blobs with Everstake 👇 https://preview.redd.it/1ytmnpzxlotc1.png?width=1943&format=png&auto=webp&s=951d1f1ddd3648b75035f43c150861c57fb0343d EIP-4844 introduced a new blob gas market, varying the blob base fee based on supply and demand. The following pricing rules are used now: More blobs in the block than 3 (the current target) increase the blob base fee. Less blobs in the block than the target decrease the blob base fee. 101k blocks had more than 3 blobs, and 137k had less. 🔗 https://app.metrika.co/ethereum/dashboard/gas-and-fee-markets?tr=2w https://preview.redd.it/abg99i4xkotc1.jpg?width=1396&format=pjpg&auto=webp&s=e2897487a49e245c6a9e362c14767f98c4fd6af5 Probably the biggest challenge of this period was the blobscription launch. Launched on March 27, Inscription caused a notable spike in activity. The blob base fee per gas surged from 1 wei to approximately 650,000,000,000 wei (or 650 Gwei) over about 600 blocks or roughly 10 minutes. Despite this volatility, there were instances during the peak of blobscription where the blob base fee per gas exceeded the execution base fee by many multiples. Nonetheless, even with a higher blob base fee during the peak of blobscriptions, blobs remained more affordable than calldata. 🔗 https://www.blocknative.com/blog/blobsplaining-part-2-lessons-from-the-first-eip-4844-congestion-event On April 4th the blobscriptions activity decreased considerably, and the blob base fee per gas fell all the way back to 1 wei. 🔗 https://x.com/hildobby_/status/1775822800164475293 For up-to-date blob metrics, use the following sources: 🔍 blobscan.com 🔍 dune.com/hildobby/blobs 🔍 app.metrika.co/ethereum/dashboard/gas-and-fee-markets?tr=2w Stay informed with Everstake! submitted by /u/irina_everstake |