Introduction — A Market That Lost Its Price SignalAfter the Dencun upgrade (EIP-4844) introduced blobs — Ethereum’s new data-availability market for Layer-2 rollups — the network achieved one of its greatest technical milestones in years: a ten-fold improvement in scalability. But economically, Dencun also created an imbalance. The new blob market functioned too well from an efficiency standpoint and too poorly from a pricing one. Within days of launch, blob fees collapsed to near zero, remai...

Introduction — A Market That Lost Its Price SignalAfter the Dencun upgrade (EIP-4844) introduced blobs — Ethereum’s new data-availability market for Layer-2 rollups — the network achieved one of its greatest technical milestones in years: a ten-fold improvement in scalability. But economically, Dencun also created an imbalance. The new blob market functioned too well from an efficiency standpoint and too poorly from a pricing one. Within days of launch, blob fees collapsed to near zero, remai...

ntroduction: Scaling the Premium LayerEthereum’s scalability roadmap has long been defined not just by how much it scales, but how and where it does so. Layer 2s (L2s) pursue volume and cost efficiency; Layer 1 (L1) safeguards trust and finality. EIP-7935 — “Set Default Gas Limit to 60M” — embodies this distinction. It proposes increasing Ethereum’s default gas limit per block from 36M to 60M, a +66.7% rise in execution capacity. The goal isn’t to make Ethereum cheaper, but to make it more ca...

ntroduction: Scaling the Premium LayerEthereum’s scalability roadmap has long been defined not just by how much it scales, but how and where it does so. Layer 2s (L2s) pursue volume and cost efficiency; Layer 1 (L1) safeguards trust and finality. EIP-7935 — “Set Default Gas Limit to 60M” — embodies this distinction. It proposes increasing Ethereum’s default gas limit per block from 36M to 60M, a +66.7% rise in execution capacity. The goal isn’t to make Ethereum cheaper, but to make it more ca...