Ethereum

Blob fees starting to creep up 👀

Demand for Ethereum blockspace is insatiable

Independent Ethereum educator, angel investor and advisor. 

Founder of /thedailygwei.

Upon further investigation, the spike is due to Linea starting to utilize blobs

Seem that they are being very inefficient with their blob usage right now - this will probably resolve shortly.

Putting my “micro-econ noob hat”: if the demand were constant in USD terms and fees suddenly drop, I would expect txn rate to grow until aggregate fees match pre-blob era.

Of course that many more transactions might stimulate more USD demand…

TN100x

yep, been noticing heavy today. Base fees have been higher than usual