Ethereum Blobs are creating inscriptions at record speed! Base chain gas fees soar

The website (120bTC.coM) announced the successful launch of the Dencun upgrade on March 14, which significantly reduced the transaction fees of the second layer (L2) network. It is widely considered to be the most obvious improvement to the user experience. One of the workshop upgrades.

Recently, some voices have begun to question the effectiveness of Dencun’s upgrade. First of all, Base, the second-tier public chain owned by Coinbase, was affected by the craze of meme coins, and the handling fees once soared to the pre-upgrade level.

Dencun is working hard to improve Blob technology, with the goal of scaling Ethereum by providing more storage space, thereby reducing transaction fees on the second-layer network, but it is now heavily used to create "inscriptions", and The opposite of the original goal.

Inscriptions account for 32.4% of Blob releases

Dragonfly and Hildobby are well-known cryptocurrency investment projects. Yesterday (27th), a total of 4,638 Blob Inscriptions were issued, accounting for 32.4% of the total Blob releases on that day. %. This is the highest blob usage among other Ethereum second-layer networks such as Arbitrum, Optimism, Base, and Linea.

The above picture shows the number of various uses of Blobs. The picture below shows the percentage of various uses of Blobs. Purple represents the use of "inscription", as you can see from the picture below. Inscriptions account for the majority of the blob's number.

Base Fee once soared to over 300 US dollars

In addition to the large increase in Blob iron articles, Base Fee also once soared to as high as 300 US dollars. Obviously, the increase in Blob iron text is one of the reasons for the surge in handling fees.

The handling fee (Base) once soared past 300 US dollars

Hildobby pointed out that the inscriptions on the EVM embed data in the transaction, and they try to imitate smart contracts Basic ERC20 and NFT versatility, similar to Ordinals on Bitcoin. Inscription's approach goes against the design decisions of the EVM, and the only benefit is lower gas costs, but this comes at the expense of indexing difficulties, incompatibilities, and integration challenges.

Faced with the phenomenon of a large number of EVM inscriptions, whether it will encourage Ethereum developers to carry out corresponding technical reforms deserves continued attention.

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