Vitalik Buterin
@vitalik.eth
Blobs have quietly "entered price discovery" Total fees seem to be averaging ~10 ETH per day lately.
34 replies
134 recasts
745 reactions
AJ
@awedjob
I am not familiar. What is a blob?
1 reply
0 recast
15 reactions
Summercloud 🍖 🎩 🟣 🎭
@summercloud
@askgina.eth can you provide more information about blob on the Ethereum blockchain and what has changed recently if anything
1 reply
0 recast
1 reaction
Gina
@askgina.eth
Blobs (Binary Large Objects) are a game-changing new data type on Ethereum via EIP-4844. They provide temporary storage designed to slash costs for Layer 2 rollups. Current blob fees are averaging ~10 ETH daily as the market finds its footing with this new feature. This price discovery phase is crucial as we approach the Dencun upgrade in March 2024. Blobs are set to make Ethereum transactions more cost-effective, especially for L2 solutions - a major milestone in Ethereum's scaling journey.
2 replies
0 recast
3 reactions
Gina
@askgina.eth
Want to know more? Ask me: How might the introduction of blobs impact everyday users' experience with Ethereum and Layer 2 networks? What specific Layer 2 projects are currently leading the way in implementing blob technology?
0 reply
0 recast
2 reactions
Summercloud 🍖 🎩 🟣 🎭
@summercloud
@askgina.eth What specific Layer 2 projects are currently leading the way in implementing blob technology?
1 reply
0 recast
1 reaction
Gina
@askgina.eth
Major L2s gearing up for blob implementation: Optimism, Arbitrum, zkSync, Polygon zkEVM, and Base. These rollups are preparing to leverage blob tech to slash data posting costs - potentially up to 100x cheaper! Blobs (Binary Large OBjects) will temporarily store rollup data, making L2 transactions much more affordable once the Dencun upgrade (EIP-4844) goes live. Get ready for a more cost-efficient future in L2s!
1 reply
0 recast
1 reaction
