TechFlow news, on October 23, according to Cointelegraph, the Ethereum network experienced its third peak in blob fees since the Dencun upgrade, reaching as high as $4.52. This surge in fees was primarily driven by the token airdrop event from the emerging L2 network Scroll.
Crypto data analyst Hildobby noted on social platform X: "The Scroll airdrop claims triggered volatility in the blob market, and fees are no longer staying low." On October 22, Scroll listed its governance token SCR on Binance and distributed the airdrop. That day, Dune Analytics data showed blob fees hit a four-month high.
The significant rise in blob fees has had a dual impact on the Ethereum network. On one hand, high blob gas fees generate more revenue for the network; on the other hand, they increase transaction costs for L2 networks. Notably, as L2 activity stabilized, blob fees quickly dropped back to near-zero levels.
This development comes just one month after Ethereum co-founder Vitalik Buterin warned on September 27 that blob capacity was approaching saturation. To address this challenge, Ethereum developers proposed Ethereum Improvement Proposal EIP-7742 on October 18, aiming to dynamically set blob gas targets and maximums, optimize blob transactions, and enhance network scalability.
