Blob Markets, Dencun Update, Layer 2

Blob Markets Post-Dencun

Blob Markets Post-Dencun: Pricing Volatility, L2 Economics, and Fee Compression Metrics

EIP-4844 activated in Ethereum’s March 2024 Dencun upgrade, introducing blob transactions as a new data type for Layer 2 rollups. The upgrade created a separate fee market for temporary data blobs, decoupling rollup data availability costs from Ethereum’s execution gas market. Each blob stores approximately 128 KB of data and is pruned after roughly 18 days. The network maintains a target of 3 blobs per ...