Scroll's open airdrop pushes Ethereum blob fees to a 4-month high

Ethereum L2 network Scroll’s airdrop craze has pushed Ethereum blob fees to $4.52, marking the third time blob fees have increased significantly since the Ethereum Dencun upgrade in March. Encryption data analyst Hildobby posted on X that the increase in Blob fees is related to Scroll’s opening of airdrop applications. On October 22, blob fees hit their highest level in four months at $4.52, according to Dune Analytics. Notably, as L2 activity slowed, the price of blob fees quickly fell back, settling at a near-zero cost at launch. Blob fees have only increased significantly twice before - once during a surge in L2 activity in July, and again during the March 27 launch of Blobscriptions, a subscription service that allows users to inscribe data directly onto blobs. protocol. Analysis points out that the increase in blob fees is a double-edged sword for Ethereum. More expensive blobs result in more blob gas being paid to the network; however, they also drive up the cost of executing transactions and transfers on Ethereum L2. (Cointelegraph)