$ETH
Ethereum’s Blob Usage Signals Layer 2 Dominance
Recent data from Dune Analytics compiled by Hildobby highlights Ethereum's 21,000+ daily blob usage over the past two months, underlining a clear shift towards Layer 2 (L2) scaling solutions.
Key takeaways:
Blob fees: ~$4M in the last month (GrowthePie), burned permanently, reducing ETH supply.
ETH burn dynamics: Blobs are now driving the ETH burn rate, destroying 453.24 ETH in the past week, surpassing Uniswap’s 396 ETH.
Over the last 30 days, Uniswap leads with 4,681 ETH burned, while blobs follow at 1,068 ETH burned.
This trend reflects the ecosystem's evolving dynamics, with Layer 2 solutions gaining traction and contributing heavily to Ethereum's deflationary pressure.