A recent analysis by Michael Nadeau in The DeFi Report highlights the evolving role of blob fees in Ethereum's economic landscape. Over the past 90 days, Ethereum's base fees have decreased, with 48,007 ETH burned, partially counterbalancing token issuance. As Ethereum scales, Layer 2 networks like Base are increasingly driving blob fees, which are anticipated to supplant traditional Layer 1 revenue streams. However, the surge in Layer 2 activity is leading to network congestion and escalating blob costs, sparking concerns about scalability and potential centralization risks. These developments underscore the critical role blob fees may play in Ethereum's future economic structure, as the network continues to adapt to growing demand and technological advancements.