Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»The inscription pushes the blob to reach the utilization limit set on Ethereum.
ADOPTION NEWS

The inscription pushes the blob to reach the utilization limit set on Ethereum.

By Crypto FlexsMarch 28, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The inscription pushes the blob to reach the utilization limit set on Ethereum.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Updated: March 28, 2024, 2:49 AM EDT

Ethereum’s blob transaction rate has surged, exceeding the network’s set capacity. This escalation follows the introduction of inscriptions on Blob, a feature that increases the demand for Blob utilization.

Ethereum core developers implemented the Dencun upgrade earlier this month, adding Blob transactions to make layer 2 transactions cheaper. They succeeded by allowing layer 2 to use blobs instead of the “call data” method for posting transactions. This provides a direct path to fee savings and passes these savings on to end users.

However, with the recent introduction of inscriptions for blobs, stress testing of the feature has begun. Inspired by Bitcoin Ordinals, these inscriptions create unique fungible and non-fungible artifacts included in blob transactions.

Analysis from the Dune Analytics dashboard managed by Hildobby shows important trends. Currently, 40% of blob transactions involve inscriptions. This is the highest usage of published blobs among other Ethereum Layer 2 such as Arbitrum, Optimism, Base, and Linea.

As interest and usage grow, Blob is operating at full capacity. 100% operation rate observed.

The data further highlights the significant backlog in the mempool, with 160 blobs waiting to be processed, according to data from EtherNow. Ethereum can only contain a maximum of 6 blobs per block, which represents a backlog 40 times higher than can be accommodated in a single block. This is called blob contention.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

6 Useful Tips from Bitcoin Gurus

December 1, 2023

MetaWin Founder Launches $ROCKY Meme Coin on Native Network

April 30, 2024

Bitstamp Exchange Receives In-Principle License Approval in Singapore

March 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.