A short note on Ethereum's upcoming Fusaka upgrade and what it means for Blobs on Mainnet
again a lot of big words to describe what's happening on Ethereum (PeerDAS, BPO, Gaslimit) - so here's a quick & simple blob recap to add context to the data and coming upgrade:
> march 2024: "Dencun" upgrade goes live, introduces blobs as (temporary) data storage for L2s
> this makes L2 trx fees cheaper, increasing their margins (less paid to the L1)
> blob adoption stabilizes, fees for L2s go so low that ETH becomes inflationary again (less fees to L1 also means less ETH burned)
> may 2025: "Pectra" upgrade goes live, doubles number of blobs on L1
> this (again) makes L2 trx fees cheaper
> so while utilization of blobs goes up, ETH L1 gets even less fees now
> december 2025: "Fusaka" upgrade (should) go live, finally addressing value accrual to L1
> fusaka: sets floor on blob price + ties it to L1 gas, more aggressive pricing that hopefully generates more income to L1 and burns more ETH
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