Ethereum's Blob Usage Highlights Growing L2 Preference

According to Odaily, data from Dune Analytics compiled by Hildobby reveals that Ethereum has averaged over 21,000 blobs daily over the past two months, indicating a growing user preference for Layer 2 scaling solutions. The cost of publishing blobs fluctuates with network demand. GrowthePie reports that fees related to blobs 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 supply. The popularity of blobs has significantly impacted the Ethereum ecosystem, particularly its ETH burn rate. Ultrasound.money data shows that in the past week, blobs have become the primary source of ETH burning on Ethereum, destroying 453.24 ETH, surpassing the amount burned by the largest on-chain DEX, Uniswap, which burned 396 ETH in the same period. However, over the past 30 days, Uniswap remains the largest ETH burner, contributing 4,681 ETH, while blobs accounted for the destruction of 1,068 ETH.