0.087828
KAS Current Price
97.4M KAS
Total Fees
1,324
Tokens Deployed
$3.0B
Market Cap
CoinDesk 2024-11-26 09:10:13

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions

Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March's record activity. The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum. Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in the past week.