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An Overview: The Blob Progress

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An Overview: The Blob Progress

Monitoring the blobs progress continues ????‍????

The total number of blobs is nearing 500K — can you believe it?

Blobs is delivering on its promise, providing L2 users with the cheapest fees they've ever seen.

Keep an eye on its progress!

https://preview.redd.it/b5hhsj2yvgwc1.png?1943&format=png&auto=webp&s=b00d364ea511365ec58e25d961f843d1dbbdca5b

The blob submitter leaderboard remains consistent compared to last week.

With an average of 9K blobs per day during the previous week, the number of unique blobs is now almost equal to the blobs, indicating a normalization in blobscription activity from a few weeks ago.

https://preview.redd.it/bmerzjvkvgwc1.jpg?894&format=pjpg&auto=webp&s=df005b7ecbe19c156ee60ccc8428bc16b8fee7bb

EIP-4844 has ushered in a new era with the introduction of a blob gas market, bringing along some interesting pricing dynamics. Here's how it works:

If a block has more than 3 blobs (the current target), the blob base fee increases. Conversely, if a block has fewer blobs than the target, the blob base fee decreases.

In the past week, we observed 26K blocks with more than 3 blobs and 37K blocks with less, showing a slight deviation from our current goal.

https://preview.redd.it/6hl0ke4ovgwc1.jpg?1464&format=pjpg&auto=webp&s=8ade9fbde787ac62690db64883d8ea27f900341e

In addition, at the latest All Core Developers Consensus (ACDC) call, developers delved into Electra specifications, specifically discussing a potential increase to the blob count. The EF Developer Operations Engineer is keen on analyzing blob activity post-Dencun upgrade to propose a one-time increase for inclusion in the Electra upgrade. Additionally, an EF Researcher has suggested activating a gradual increase in the blob count, which is being considered alongside the Engineer's proposal. Stay tuned for more updates on the future of blobs!

Always a pleasure to suggest and share easy-to-use dashboards for staying updated on blobs' state:

???? blobscan.com

???? dune.com/hildobby/blobs

???? app.metrika.co/ethereum/dashboard/gas-and-fee-markets?tr=2w

Stay informed and explore the world of blobs effortlessly! Share your favorite tools in the comments below

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