#blob

The Protocol: Bitcoin Bridged Trustlessly to L2; Ethereum’s Blob Mob

( www.coindesk.com )

The Protocol: Bitcoin Bridged Trustlessly to L2; Ethereum’s Blob Mob Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, CoinDesk’s deputy editor-in-chief for features, opinion and standards. IN THIS ISSUE: Ethereum’s blob mob Staking on Starknet Avalanche’s big upgrade L2 teams beam over Beam Chain Sui suffers a brief outage Bit…

Coindesk 747 2024-11-28

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions

( www.coindesk.com )

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March’s record activity. The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum. Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in the past week.

Coindesk 1.2k 2024-11-27