Ethereum L2s Generate $768M in Fees as Blob Capacity Upgrades Lag Behind Transaction Growth
Apr 20 2025 crypto
Applications on Base, a Coinbase-backed Ethereum layer-2 (L2), have generated $768 million in cumulative fees since inception and contributed approximately $4.5 million in blob and settlement fees to Ethereum's layer-1 (L1) validators. Base has onboarded 155 million addresses, bridged 1.9 million ETH (representing 1.6% of Ethereum's circulating supply), and currently secures nearly $10 billion in total value. Over the past six months, Base has averaged 93 transactions per second. Ethereum supports L2s through 'blobs,' a low-cost data storage mechanism introduced with EIP-4844. Industry analysis indicates that Ethereum's planned increases in blob capacity, including the upcoming Pectra upgrade to six blobs per block, may not be sufficient to meet rapid L2 transaction growth. Simulations suggest that a tenfold increase in L2 transactions could push average transaction fees to $0.64, unless blob capacity is expanded to at least 33 blobs per block to keep L2 transaction costs below $0.02. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Related News

Ripple Destekçilerine Müjde! Donald Trump’tan XRP İçin Stratejik Hamle!
David Sacks, White House AI & Crypto Czar olarak atandı. Atama, Ripple lehine umutları artırd...
Dec 06 2024
Read More
Bitcoin Fiyatında Şok Gelişme! 103 Bin 679 Dolar Zirvesi Sonrası Fundamental Endeksi Dibe Gidiyor!
Glassnode kurucu ortakları Bitcoin için düzeltme uyarısı yaptı. Bitcoin Fundamental Index d�...
Dec 06 2024
Read More
Tehlike Çanları ABD Doları İçin Çalıyor! Ünlü Ekonomistten Çarpıcı Uyarı!
Peter Schiff, Bitcoin'in ABD dolarını tehlikeye atabileceğini söyledi. Schiff, hükümet...
Dec 06 2024
Read More
Halka Açık En Büyük Bitcoin Yatırımcısından Yeni Alım Duyurusu! Artık 184 Milyon Doların Üzerinde Oturuyor!
Semler Scientific, 303 adet daha Bitcoin alarak toplam varlığını bin 873 adet BTC'ye çıkardı....
Dec 06 2024
Read More
Bitcoin Tek Mumla 156 Bin Yatırımcıyı Piyasadan Sildi! Kripto Para Piyasasında Büyük Şok!
Kripto para piyasasında 1 milyar doları aşan tasfiyelerle Bitcoin 103 bin dolardan 90 bin dolara ...
Dec 06 2024
Read More
Crypto Daybook Americas: It's Glass Half Full Despite Record Short ETF Volume
Your day-ahead look for Dec. 6, 2024
Dec 06 2024
Read More
U.S. Ether ETFs Post Record Inflows, Bitcoin ETFs Add Most in Two Weeks
The investment interest comes after ether added about 60% in a month.
Dec 06 2024
Read More
Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi
The nomination of crypto-friendly Paul Atkins as chair of the SEC provided the final boost that prop...
Dec 06 2024
Read More