#Ethereum blob destroys Uniswap#
Hot Topic Overview
Overview
Ethereum's blob burns have recently surpassed Uniswap, becoming the primary source of ETH burn on the Ethereum network. This is largely driven by the growing user preference for L2 scaling solutions, leading to a surge in blob usage. The fees associated with the blob publishing process fluctuate based on network demand, and these fees, paid in ETH, are burned, reducing the circulating supply of ETH. While Uniswap remains the largest ETH burner over the past 30 days, the rapid growth of blob burns indicates its increasing impact on the Ethereum ecosystem and its potential to become the dominant driver of ETH burns in the future.
Ace Hot Topic Analysis
Analysis
Ethereum's blob burn rate recently surpassed Uniswap, reflecting the growing user preference for L2 scaling solutions. Blobs are a mechanism in Ethereum used for storing and retrieving data, and their publishing process requires fees, which are paid in ETH and burned. Over the past two months, Ethereum has averaged over 21,000 blobs per day, making blobs the primary source of ETH burn on Ethereum. In the past week, blobs burned 453.24 ETH, exceeding Uniswap's burn rate for the same period (396 ETH). While Uniswap remains the largest ETH burner over the past 30 days, the rising trend in blob burn suggests that blobs will become the primary driver of ETH burn on Ethereum in the future as L2 scaling solutions gain popularity, significantly impacting Ethereum's supply.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ethereum blob adoption is on the rise, leading to more ETH being burned than Uniswap.
The popularity of blobs has had a significant impact on the Ethereum ecosystem, particularly ETH burn rate.
The cost of the blob publishing process fluctuates based on network demand and is paid in ETH, which is then burned.
User preference for L2 scaling solutions is increasing, driving blob adoption.