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Ethereum blob fees soar: What does it mean for L2s?

Ethereum blob fees briefly surged to a price of $4.52, spurred by a frenzy of Scroll airdrop claims. 

A frenzy of airdrop claims for a new Ethereum layer-2 network called Scroll briefly drove up the cost of blob fees as high as $4.52, marking the third time blobs have become costly since Ethereum’s Dencun upgrade in March. 

“Scroll airdrop claimers just triggered the blob market, they’re no longer free,” said pseudonymous crypto data analyst Hildobby in an Oct. 22 post to X. 

He blamed the increase in blob fees on the airdrop for Ethereum L2 Scroll, which listed its governance token SCR on Binance and airdropped the token to its users on Oct. 22. 

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Celestia unveils roadmap to 1-gigabyte blocks

The roadmap comes amid fierce competition in data availability among rivals such as EigenDA and Avail.

Celestia, a layer-1 data availability network, unveiled a technical roadmap charting a path to scaling block size to 1 gigabyte, according to a Sept. 5 blog post.

The roadmap’s core objective is to “relentlessly scale to 1-gigabyte blocks, bringing a massive increase in data throughput to Celestia’s rollup ecosystem,” Celestia said. Blocks are bundles of transaction data grouped together on blockchain.

Celestia’s focus on block size reflects an industrywide push to enhance the scalability of blockchain networks by lowering transaction costs and more efficiently storing and retrieving data. Celestia competes with protocols such as EigenDA and Avail, as well as mainnet Ethereum.

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Vitalik Buterin Explores Blobs and Parallelization in L2 Rollup Analysis

Vitalik Buterin Explores Blobs and Parallelization in L2 Rollup AnalysisIn a recent deep dive into Ethereum’s future scalability and infrastructure, Ethereum co-founder Vitalik Buterin discusses the latest introduction of blobs and their significant role in the evolution of layer two (L2) rollups. This pivotal development marks a transition towards more efficient internal scaling and parallelization within Ethereum’s ecosystem, according to Buterin. Scaling Ethereum: Buterin […]

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Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’

Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account for over 40% of blob transactions, leading to a significant increase in network activity. This uptick has resulted in a congestion of blob transactions, pushing […]

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