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Using Blobs: First Week Overview

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Using Blobs: First Week Overview

As Ethereum mainnet has successfully upgraded to Dencun 7 days ago, the community and L2's dream of low fees has materialized.

One week post-implementation of blobs into the Ethereum ecosystem:

▪️ Blobs saved 96.10124 ETH or $325k during this period, signaling just the beginning.

▪️ The total number of blobs has reached 50K.

The total number of blob transactions has reached 24.679K.

The day after Dencun, Mar 14, saw the highest activity, likely as major L2s finalized their set up for using blobs, which was not always optimal ????

Additionally, there are now 15.718K blocks with blob transactions. Compared to the first day, the number of blobs per block has increased, with 6 blobs/block becoming more common.

https://preview.redd.it/1nn9dn55tmpc1.png?597&format=png&auto=webp&s=36e57a3a259a6dc275bb5b6279ac40dbc10c7c6c

The distribution of submitted blobs has seen a more balanced spread now, yet Starknet remains the frontrunner this week, with over 14k submitted blobs.

Last week Head of Ecosystem StarkWare, shared that the team is working on eating less blobs. This has paid off by moving from 80% of all blobs from Starknet on March 14, to 28% on March 15 and 14% as of today!

https://preview.redd.it/l65vi7xctmpc1.png?922&format=png&auto=webp&s=6c944d054a15e5fdd239b14c2f35b270106c3ade

There are plenty of excellent dashboards to keep track of all blob-related changes. Highly recommend checking out:

▪️ Hildobby's dashboard on Dune for insights into blob submitters share, number of blobs per block, and more: dune.com/hildobby/blobs

▪️ For real-time data, head to Blobscan: blobscan.com

▪️ Different blob metrics, including the most interesting about blob fee for 1 day, a week or 2 week, available at app.metrika.co/ethereum/dashboard/gas-and-fee-markets?tr=1d

https://preview.redd.it/kzd1p5xhtmpc1.png?1460&format=png&auto=webp&s=e8384afb1a01d4c83a5626a6e733a18cf7dd1401

Keep in mind, EIP-4844 marks just the beginning of the blob era!

Explore my post highlighting the first day of blobs: https://www.reddit.com/r/ethereum/comments/1besctg/using_blobs_day_one/

Let's embrace the upgraded Ethereum world with blobs!

Stay tuned with Everstake!

https://preview.redd.it/5tni7o3wtmpc1.png?1943&format=png&auto=webp&s=8a4f736251396474f5c0bad45a1b5ceb814e88be

submitted by /u/irina_everstake
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