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Exploring the public blockchain

Current State of Ethereum's Blob Market Post-Pectra Upgrade: L2 Costs Plummet, Node Pressure Rises

In the five full trading days following Pectra's launch, the daily number of blobs purchased by rollups increased from approximately 21,200 to 25,600. Despite this, the average number of blobs per block remains 33% below the new target of 6. On May 7, 2025, Ethereum's Pectra upgrade went live on the mainnet. Among the series of Ethereum Improvement Proposals (EIPs) implemented, EIP-7691 proposed an increase in the target and maximum number of blobs per block. Blobs were introduced via EIP-484...