Ethereum Blob Usage Hits Record High After Dencun Upgrade

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Ethereum’s blob usage has skyrocketed, averaging over 21,000 blobs this month, matching the record set in March. This surge follows the Dencun upgrade, which introduced blobs to Ethereum, allowing Layer 2 solutions like Arbitrum and Optimism to bundle and post transactions more efficiently. The increased demand for blobspace has driven blob fees to a 30-day high, burning over 166 ETH ($560,000) in the past week. With Layer 2 protocols gaining traction, Ethereum’s growth reflects a shift toward faster, more affordable transactions for users.