Ethereum is witnessing a surge in “blob” usage, an effective data management tool introduced earlier this year, signaling that more users are embracing layer-2 scaling solutions for faster and more affordable transactions.

The number of blobs or binary large objects posted to Ethereum has consistently averaged more than 21,000 this month, matching the record activity seen in March, according to pseudonymous data analyst Hildobby’s Dune Analytics dashboard.

Story continues below

Ethereum’s Dencun upgrade, which went live earlier this year, introduced blobs, which attach large data chunks to regular transactions, storing data offchain without congesting the mainnet, unlike call data which is stored permanently. Think of blobs as a consolidated large box filled with letters while paying for an entire box instead of call data, which is akin to paying for each letter posted separately.

The spike in the number of Blobs posted points to increased adoption of layer-2 protocols such as BASE, Arbitrum, Optimism and others. These protocols use blobs to bundle transactions together, process them off-chain and then post them to the Ethereum main chain for verification.

“Transactions for ETH and its L2s are continuing to reach all-time highs, now +40% vs. the Summer. Meanwhile, the average blob count has in

Go to Source to See Full Article
Author: Omkar Godbole

BTC NewswireAuthor posts

BTC Newswire Crypto News at your Fingertips

Comments are disabled.