#Ethereum blob destroys Uniswap#
Hot Topic Overview
Overview
Ethereum's blob adoption has surged in the past two months, averaging over 21,000 blobs per day, indicating a growing user preference for L2 scaling solutions. The fees for the blob publishing process fluctuate based on network demand, averaging around $4 million in the past month. These fees are paid in ETH and are burned, permanently removing them from circulation. This makes blobs a major source of ETH burn on Ethereum, surpassing Uniswap's burn rate in the past week with 453.24 ETH burned. While Uniswap remains the largest ETH burner over the past 30 days, the rapid growth of blobs highlights its increasing impact on the Ethereum ecosystem, particularly its ETH burn rate.
Ace Hot Topic Analysis
Analysis
Ethereum's blob adoption continues to rise, leading to its ETH burn exceeding that of Uniswap, reflecting users' growing preference for L2 scaling solutions. Over the past two months, Ethereum has averaged over 21,000 blobs per day. The cost of the blob publishing process fluctuates based on network demand, with fees associated with blobs amounting to approximately $4 million over the past month. These fees, paid in ETH, are burned, permanently removing them from circulation and impacting ETH's supply. According to Ultrasound.money, blobs became the primary source of ETH burn over the past week, burning 453.24 ETH, surpassing Uniswap's burn of 396 ETH during the same period. While Uniswap remains the largest ETH burner over the past 30 days, contributing 4,681 ETH, blobs have also burned 1,068 ETH. The popularity of blobs has a significant impact on the Ethereum ecosystem, particularly its ETH burn rate, indicating that L2 scaling solution adoption is driving ETH burn and potentially having a positive impact on ETH's price.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum blob adoption is on the rise, indicating a growing user preference for L2 scaling solutions.
The cost of the blob publishing process fluctuates based on network demand, these fees are paid in ETH and are burned, permanently removing these tokens from circulation.
Blob has become the primary source of ETH burn, surpassing Uniswap in burn volume.
Despite blob's recent burn volume exceeding Uniswap, Uniswap remains the largest ETH burner over the past 30 days.