The post Ethereum Blob Usage Hits Record High After Dencun Upgrade appeared first on Coinpedia Fintech News
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.