Blob fees, introduced through Ethereum's EIP4844, have become a significant revenue stream for L1 validators, now contributing 2% to the total real economic value (REV) over the past 90 days. This shift comes as base fees, priority fees, and MEV have decreased with increased activity on Layer 2 solutions like Base, Taiko, and Arbitrum. The analysis suggests that rising L2 transaction volumes could lead to congestion and higher blob fees unless Ethereum enhances its data availability through upgrades such as Pectra and PeerDAS.
Currently, only 16% of validator income is derived from user fees, with the majority still coming from token incentives. As Ethereum moves towards a B2B model with L2s, the sustainability of blob fees and the network's scalability will be crucial for its future value.
Blob Fees Emerge as Crucial Revenue for Ethereum Validators
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