The Ethereum Fusaka upgrade has led to a dramatic 15 million-fold increase in blob base fees, according to Yi Lihua, founder of Liquid Capital. This surge is attributed to the introduction of a "minimum guarantee mechanism" for blob fees under EIP-7918. Previously, blob fees were minimal, often stuck at 1 wei, which did not cover the costs incurred by nodes for processes like KZG verification. The upgrade mandates that blob fees must now be at least 1/15.258 of the L1 execution base fee, aligning them with actual network costs. This change aims to ensure that the price of blob fees reflects true resource consumption, preventing Layer 2 solutions from using network resources without adequate compensation. Additionally, the upgrade incorporates PeerDAS technology to enhance blob storage capacity and includes blob fees in the ETH burning mechanism. This could significantly increase ETH burning, potentially accounting for 30-50% of the total burned amount by 2026, contingent on the growth of L2 transaction volumes.