Analysis: ETH burn after Cancun upgrade dropped 84% compared to before upgrade, Ethereum revenue dropped 69%

Galaxy Digital released a research report analyzing the impact of Blobs on Layer2 and Ethereum during the 150 days of the Cancun upgrade. The main points include: Ethereum’s revenue and ETH supply burn both decreased significantly, with total revenue 69% below the 150-day average before the upgrade, and ETH burn 84% below the 150-day average before the upgrade. · The profit margin of Layer 2 has increased. The profit rate of Optimism type has increased from 22.65% to 92.3%, and the profit rate of ZK type has increased from 27.27% to 66.7%. · Layer2 operating costs dropped significantly, from an average daily average of US$1.07 million to US$556,400. ·Both trading activity and failure rates have increased significantly, either due to an increase in bot activity.