According to Dune Analytics data compiled by Hildobby, Ethereum has averaged over 21,000 blobs per day in the past two months, highlighting the increasing preference of users for L2 scaling solutions.
Meanwhile, the cost of the blob release process fluctuates based on network demand. According to GrowthePie data, blob-related fees on Ethereum reached approximately $4 million in the past month. These fees paid in ETH are burned, permanently removing these tokens from circulation and affecting their supply.
Essentially, the popularity of blobs has had a significant impact on the Ethereum ecosystem, particularly its ETH burn rate. According to Ultrasound.money data, in the past week, blobs became the primary source of Ethereum burns, destroying 453.24 ETH, surpassing the burn amount from the largest DEX on Ethereum, Uniswap, during the same period (396 ETH).
However, over the past 30 days, Uniswap remains the largest ETH burner, contributing 4,681 ETH, while blobs accounted for 1,068 ETH burned. (CryptoSlate)