{"id":126267,"date":"2025-04-01T21:15:54","date_gmt":"2025-04-01T21:15:54","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126267"},"modified":"2025-04-01T21:15:54","modified_gmt":"2025-04-01T21:15:54","slug":"ethereums-weekly-blob-fees-hit-2025-lows","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126267","title":{"rendered":"Ethereum&#039;s weekly blob fees hit 2025 lows"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Ethereum network\u2019s main source of income from layer-2 (L2) scaling chains \u2014 \u201cblob fees\u201d \u2014 has sunk to the lowest weekly levels so far this year, according to data from Etherscan.\u00a0<br \/>\nIn the week ending March 30, Ethereum earned only 3.18 Ether (ETH) from blob fees, according to Etherscan, or approximately $6,000 US dollars as of April 1.\u00a0<br \/>\nThis figure marks a 73% drop from the prior week and a more than 95% decline from the week ending March 16, when Ethereum\u2019s income from blob fees exceeded 84 ETH, Etherscan said in an X post.\u00a0<br \/>\nSource: EtherscanRelated: Ethereum fees poised for rebound amid L2, blob uptick<br \/>\nPost-Dencun growing pains<br \/>\nIn March 2024, Ethereum\u2019s Dencun upgrade migrated L2 transaction data to temporary offchain stores called \u201cblobs.\u201d<br \/>\nThe upgrade cut costs for users but also reduced overall fee revenue for Ethereum \u2014 initially by as much as 95%, according to data from asset manager VanEck.<br \/>\n\u201cETH Fees Were Weak Due to Lack of Blob Revenues as L2s Have Not Filled Available Capacity,\u201d Matthew Sigel, VanEck\u2019s head of digital asset research, said in a Nov. 1, 2024, post on the X platform.<br \/>\nSince then, growth in blob fees has been unsteady. Ethereum\u2019s weekly blob fee income peaked at nearly $1 million in November before declining sharply in recent weeks, according to data from Dune Analytics.\u00a0<br \/>\nEthereum\u2019s blob fee income has been uneven. Source: Dune AnalyticsEthereum\u2019s ongoing struggle to earn meaningful income from blob fees underscores concerns about the network\u2019s scaling model, which relies heavily on L2s for transaction throughput.<br \/>\n\u201cEthereum\u2019s future will revolve around how effectively it serves as a data availability engine for L2s,\u201d arndxt, author of the Threading on the Edge newsletter, said in a March 31 X post.\u00a0<br \/>\nAccording to an X post by Michael Nadeau, founder of The DeFi Report, L2 transaction volumes would need to increase more than 22,000-fold for blob fees to fully offset Ethereum\u2019s peak transaction fee revenues.\u00a0<br \/>\nHowever, Ethereum\u2019s economics are still evolving. For instance, the network\u2019s Pectra Upgrade \u2014 which aims to significantly change how Ethereum allocates blob space \u2014 is scheduled for this year.\u00a0<br \/>\n\u201cThe plan is simple: scale Ethereum as much as possible to capture as much marketshare as we can &#8211; worry about fee revenue later,\u201d Sassal, founder of The Daily Gwei, said in a March 17 X post.\u00a0<br \/>\nMagazine:\u00a0AI agents trading crypto is a hot narrative, but beware of rookie mistakes<a href=\"https:\/\/cointelegraph.com\/news\/ethereum-weekly-blob-fees-hit-2025-lows?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Ethereum network\u2019s main source of income from layer-2 (L2) scaling chains \u2014 \u201cblob fees\u201d \u2014 has sunk to the lowest weekly levels so far this year, according&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126267"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126267"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126267\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126267"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}