Ethereum has blobs. Where do we go from here?

vitalik.eth.limo · 2,494 words · saved by 1 readers

On March 13, the Dencun hard fork activated, enabling one of the long-awaited features of Ethereum: proto-danksharding (aka EIP-4844, aka blobs). Initially, the fork reduced the transaction fees of rollups by a factor of over 100, as blobs were nearly free. In the last day, we finally saw blobs spike up in volume and the fee market activate as the blobscriptions protocol started to use them. Blobs are not free, but they remain much cheaper than calldata. Left: blob usage finally spiking up to the 3-per-block target thanks to Blobscriptions. RIght: blob fees "entering price discovery mode" as a result. Source: https://dune.com/0xRob/blobs. This milestone represents a key transition in Ethereum's long-term roadmap: blobs are the moment where Ethereum scaling ceased to be a "zero-to-one" problem, and became a "one-to-N" problem. From here, important scaling work, both in increasing blob count and in improving rollups' ability to make the best use of each blob, will continue to take place,

Dark Mode Toggle Ethereum has blobs. Where do we go from here? 2024 Mar 28 See all posts Ethereum has blobs. Where do we go from here? On March 13, the Dencun hard fork activated, enabling one of the long-awaited features of Ethereum: proto-danksharding (aka EIP-4844 , aka blobs). Initially, the fork reduced the transaction fees of rollups by a factor of over 100, as blobs were nearly free. In the last day, we finally saw blobs spike up in volume and the fee market activate as the blobscriptions protocol started to use them. Blobs are not free, but they remain much cheaper than calldata. Left:

Ethereum has blobs. Where do we go from here?

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