Ethereum’s network is being strained due to an increase in demand for blobs. This has pushed capacity limits because of the popularity and use of inscriptions.
After the Ethereum’s launch, a new technology called Blobs was added. Dencun upgrade Earlier this month,
It is important to note that the word “you” means “you”. upgradeThis was a project that aimed at reducing the cost Layer 2 Transacting by using the conventional “calldata” It is evident that the method of blob transactions has achieved its goal. Layer 2 technologies like Arbitrum, Optimism, BaseThen, Linea Use blobs to post transactions.
Reports Please indicate. “the rate of blob transactions on Ethereum has surged, exceeding the network’s set capacity,” Demonstrating the immediate impact on the Dencun upgrade. Add inscriptions to blobs in the style of Bitcoin Ordinals The ability to embed non-fungible, unique artifacts into these transactions is also available.
This function gives blobs a whole new level of usefulness, despite the fact that they’re ephemeral. They are deleted from the network 18 days after creation. Full archival servers can keep this information indefinitely.
Recent Studies Have Affected the Current Situation analysis Dune Analytics has revealed a trend that is worth noting: 40% of all blobs transactions now relate to inscriptions. This is a study that shows an impressive utilization rate.ETH) L2 solutions.
The network is currently facing a contention of blobs, which are operating at an a 100% utilization rate. This situation is made worse by the large backlog of 160 blobs in the mempool. Ethereum can only include six blobs in each block. The backlog, therefore, is 40 times greater than what the network could accommodate.
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Source: crypto.news