Ethereum's underwhelming performance post-EIP-4844 doesn't necessarily stem from unmet technical expectations. Implemented on March 13, 2024, as part of the Dencun upgrade, EIP-4844 (Proto-Danksharding) aimed to boost scalability and cut Layer 2 fees via blob transactions. It succeeded—L2 fees dropped significantly, and data capacity rose. However, broader market dynamics, like a 33.5% ETH price decline, likely overshadow these gains. Technical progress aligns with goals: blobs work as intended, paving the way for full Danksharding. The issue may lie in external factors—market sentiment, adoption pace, or competition—rather than the upgrade itself falling short.