Search results for "BLOB"

The Ethereum Foundation is restructuring the Protocol team, focusing on L1, blob scaling, and user experience improvements.

Gate News bot reported that the Ethereum Foundation (EF) merged its protocol R&D department under the unified name "Protocol", and the new plan focuses resources on three technical priorities: scaling the base layer, scaling the blob capacity of the L2 network, and improving the user experience. Protocol currently has a reduced number of operating staff. The Foundation confirmed that some researchers and engineers left during the restructuring and encouraged other Ethereum companies to recruit these talents.
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Ethereum weekly blob fees hit a new low for 2025.

PANews, April 2 news, according to Cointelegraph, the main source of income from Layer2 scaling chains for the Ethereum network - "Blob fees" - has fallen to its lowest weekly level since the beginning of this year. Etherscan pointed out in a post on the X platform that in the week ending March 30, Ethereum earned only 3.18 ETH through Blob fees (approximately $6000 based on April 1 prices). This figure represents a 73% decrease from the previous week and has plummeted over 95% from the peak of 84 ETH in the week of March 16.
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Vitalik: Pectra upgrade is expected to be launched in March, with L2 capacity expected to double.

ETH founder Vitalik Buterin said that the Pectra upgrade is expected to be launched in March, increasing the blob target from 3 to 6, meaning that the L2 network capacity will double. He suggested determining the blob target through a coin holder voting mechanism and expressed gratitude for some improvements, which will provide important support for the ETH Ethereum L1 expansion.
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Fidelity: The relationship between Layer 2 and Ethereum is mutually beneficial

Fidelity Digital Assets said that the Rollup-centric roadmap will drive the expansion of Ethereum, while maintaining the operability of the Layer 1 blockchain. Although Layer 2 may extract value, the underlying layer provides cheap transaction execution services through Layer 2, further promoting the distribution of Ethereum tokens, and able to maintain the core concept of decentralization, and achieve mutual benefit.
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Celestia's blob size has risen 10 times in the past two weeks

The number and daily trading volume of Blobs on Celestia have recently increased significantly. The average size of Blobs has increased from 1.18 GB to 11.4 GB, possibly due to the minting of Non-fungible Tokens and more projects choosing to use Celestia. The daily trading volume has increased from an average of 44,000 times to 71,000 times, exceeding 60% rise.
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Ethereum Pectra upgrade scheduled for May 7: 11 EIP optimizations for staking mechanism and L2 scalability performance.

Gate.io News bot message, Ethereum is about to welcome the significant Hard Fork upgrade Pectra for the execution layer (Prague) and the consensus layer (Electra). This upgrade includes 11 EIP proposals, setting a record for the most EIPs involved in a single upgrade in Ethereum's history. After multiple rounds of verification on the test network, the mainnet upgrade time has been confirmed for May 7th at 10:05 UTC. The core content of this upgrade includes three major directions: optimizing the validator staking mechanism through EIP-7251, EIP-7002, and EIP-6110; using EIP-7691 and EIP-7623 to enhance Blob throughput to reduce L2 transaction costs; and implementing EIP-7702 to introduce temporary smart contract functionality for EOA accounts. In addition, the upgrade also includes proposals such as EIP-7685 and EIP-2537, which optimize technical aspects such as cross-layer request processing, cryptographic operation efficiency, and historical block hash storage. Source: WeChat
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Vitalik urges the ETH network expansion plan to prioritize Ethereum, including fee burning, stake, and increasing Blob revenue

Odaily Planet Daily News Vitalik Buterin urges the Ethereum expansion plan to prioritize ETH, including fee burning, stake, and increasing Blob
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Ethereum confirms Mainnet upgrade on May 7, the Fusaka upgrade plan includes multiple EIP proposals.

Gate.io News bot message, according to @ralexstokes' summary report on the 155th Ethereum Consensus Layer Core Developers Meeting (ACDC), the meeting confirmed that the Pectra Mainnet upgrade will be executed on May 7. The meeting also discussed matters related to the Fusaka upgrade and has decided to include EIP-7594/PeerDAS and EIP-7892/BPO in the upgrade plan, while the stability of the EIP-7917 proposer and the EIP-768 SSZ stable container are still under consideration. Regarding the Builder API extension issue, developers pointed out that under high blob counts, the size of the synchronous API response body is large, putting pressure on the resources of small nodes. To address this, the development team plans to revise the API for Fusaka and will seek specific solution suggestions from the builder and relay communities. Source: Wu Says
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Vitalik: The goal is to run FusakaTestnet with specific blob parameters the day after Pectra goes live.

BlockBeats news, on March 1st, Ethereum co-founder Vitalik Buterin posted, "By 2025, we need the Fusaka upgrade plan to use PeerDAS on L1, ideally targeting/restricting blob to 48/72. Our goal is to run a Fusaka Testnet with these blob parameters on the second day after launching on Pectra."
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Ethereum validators approved a Gas Limit increase to 36M, and the usage of MEV-Boost blocks has significantly increased.

According to Gate.io News bot, as reported by Wu, Ethereum validators approved an increase of the Gas Limit to 36M through on-chain voting. @Data_Always's data analysis shows that after this adjustment, the median Gas usage of MEV-Boost blocks built by external builders has increased by about 3M, and the frequency of full blocks has risen. The Gas usage of Vanilla blocks built locally by validators remains basically unchanged, while the Gas usage of Recovery blocks (the MEV-Boost blocks following Vanilla blocks) has increased by 4-6M. To address the challenges faced by local builders, the community has proposed several technical solutions: EIP-7872 suggests setting a maximum blob count limit for local builders; introducing a gas usage flag mechanism to support local builders in restricting block gas usage; and EIP-7623 proposes controlling the execution layer load by adjusting calldata costs.
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Ethereum Foundation researcher: ETH daily income may reach $1 billion within 10 years

In the latest semi-annual AMA of the Ethereum Foundation, researchers responded to issues regarding the scalability and security of Ethereum. The first phase of the Pectra upgrade will improve data availability, increase the number of Blob transactions, and have a significant impact on the Blob fee market. Researchers believe that the TPS of Ethereum could reach 10 million in the future, with the goal of strengthening its economic position and reducing L2's reliance on Layer 1. A $2 million bug bounty is open to encourage Hard Fork stress testing to ensure upgrade security.
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Vitalik: There is currently no such thing as "ETH 3.0"

Ethereum co-founder Vitalik Buterin clarified that there is currently no 'ETH 3.0' and emphasized the focus on strengthening L1 performance. Justin Drake's five-year plan involves the consensus layer, not the execution layer. Vitalik mentioned a roadmap for improving L1 performance, cross L2 interoperability, and optimizing blob space. He pointed out that the Ethereum community needs to maintain adaptability to ensure smooth transactions on L1.
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Golden Morning News | Overnight Highlights on January 9th

21:00-7:00 Keywords: FOMC Meeting Minutes, CFTC Chairman, Blob Expansion 1. Fed Governor Waller: Supports further interest rate cuts in 2025; 2. SEC Chairman reiterates that the cryptocurrency field is "rife with bad actors"; 3. Vitalik Buterin calls for prioritizing key upgrades such as 'Blob expansion' optimization; In the past 5 hours, the USDC Treasury has minted 200 million USDC tokens; 5. The Fed megaphone: Meeting minutes indicate officials are generally unwilling to cut interest rates this month; 6.CryptoQuant: Institutional investors have accumulated over 34,000 bitcoins in the past 30 days; 7. Fed Meeting Minutes: Inflation will continue to slow, but Trump administration policies may increase the risk of price pressure;
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Vitalik Buterin calls for ETH Ethereum core developers to prioritize key upgrades such as 'Blob expansion' optimization

PANews 8th January news, Ethereum founder Vitalik
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Aave Co-founder Stani: Optimistic about the performance of Ethereum in 2025

BlockBeats News, on January 1st, Aave co-founder Stani shared his market insights, stating that Ethereum will have a promising start in 2025. The Pectra upgrade will allow EOAs to operate like Smart Contracts, providing scalability and improving user experience and security for smart Wallets. Introducing blob space will significantly enhance scalability. These improvements will be achieved through dynamically adjusting blob limits at the consensus layer, thus improving the DA scalability of Ethereum (Mainnet and L2). Pectra is the included EIP.
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Starknet v0.13.3 has been launched on Mainnet

According to official news, Starknet v0.13.3 has been launched on the Mainnet. This version will improve the data efficiency of Starknet. The Blob gas cost on the Mainnet has dropped by about 5 times, which means all Starknet
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Ethereum 2025 Blob Expansion Plan: The Fusaka upgrade will gradually increase Blob capacity.

According to the Gate.io News bot, Ethereum researcher @ralexstokes recently proposed the Blob expansion plan for 2025. The plan shows that the next Ethereum hard fork upgrade after the Pectra upgrade is named Fusaka, which includes the PeerDAS improvement proposal. The Pectra upgrade has adjusted the Blob target and maximum values per block from 3/6 to 6/9. With PeerDAS technology, these values will be further enhanced to 48/72. Considering the innovativeness of PeerDAS technology, the development team has chosen to gradually adjust the parameters using the BPO fork method. The specific implementation plan is as follows: After the activation of the Fusaka upgrade mainnet, first maintain the parameters blob(6 and 9) for two weeks, then double the Blob capacity every two months, ultimately reaching (48 and 72). Ethereum core developers plan to launch the Fusaka mainnet in the third quarter of 2025.
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ETH developers have launched a new Testnet Hoodi for the final testing of the Pectra upgrade

The Ethereum Foundation plans to launch a new test network, Hoodi, for testing the final Pectra deployment and is expected to go live on March 17. Previously, there were configuration issues on other test networks, resulting in a delay in the activation schedule for Pectra. The Pectra upgrade aims to improve the availability and scalability of Ethereum, including reducing data availability costs, increasing stake limits, and introducing account abstraction. The activation is planned for April 25 on the Ethereum Mainnet.
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Ether developers will launch the Pectra test on Holesky

ETH Workshop Pectra has been upgraded to the Holesky testnet with new account abstractions, support for Layer 2 extensions, and improved validators experience. Notable changes include EIP-3074, which allows EOA to perform bulk transactions and sponsored gas, while increasing blob capacity by 50%. This is a crucial step towards account abstraction.
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Etherscan: The median gas fee on the ETH mainnet last week was 1.245 gwei

BlockBeats News, on February 10th, Ethereum blockchain explorer Etherscan released a weekly data snapshot, which shows that from February 3rd to 9th, there were 8.84 million transactions on the Ethereum mainnet, with a median gas fee of 1.245 gwei and a blob fee of 41.46.
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Polynomial founder: ETH Pectra upgrade can only temporarily alleviate the problem, and more solutions are still needed for long-term expansion.

The demand for Layer 2 on the Ethereum Mainnet has been increasing rapidly, with 55% of Mainnet blob being occupied by BASE and World Chain, resulting in basic fees breaking through $50 multiple times. The Pectra upgrade will increase the limit of blobs per block to 9, but more solutions are still needed for long-term scalability.
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JPMorgan: Ethereum may continue to face 'intense competition' from other networks

Ethereum is facing fierce competition from competing blockchains, with its market share in the Cryptocurrency market falling to a four-year low. Analysts point out that competitors' low fees and high scalability are weakening Ethereum's base chain, while decentralized applications are also seeking their own dedicated chains. However, Ethereum still maintains a leading position in stablecoins, Decentralized Finance, and tokenization. Whether it can continue to maintain its leadership position remains to be seen.
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Analysis: Ethereum market share fell to a four-year low, or may continue to face fierce competition from other public chains

JPMorgan analysts pointed out that Ethereum is facing continued pressure from public chain competition and layer 2 networks, lagging behind Bitcoin and other tokens, with its market capitalization ratio at a four-year low. Ethereum lacks a strong narrative logic, and activities are increasingly migrating to layer 2 networks, weakening the base chain.
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Ethereum developers: The core Ethereum developer meeting has reached a preliminary Consensus to increase the Blob target/max value to 6/9

BlockBeats news, on November 28, Ethereum protocol developer and Prysm maintainer Terence expressed on social media that the Ethereum core developer meeting (AllCoreDevs) has reached a preliminary Consensus, raising the blob target/maximum from 3/6 to
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