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Ethereum's Fusaka Upgrade Causes 15 Million-fold Surge in Blob Base Fee Due to Addition of 'Bottom Mechanism' in EIP-7918
Summary: According to reports, Liquid Capital announced on the X platform that after the Ethereum Fusaka upgrade, the Blob Base Fee surged by 15 million times. The core reason behind this surge is the addition of a 'bottom mechanism' for blob fees in EIP-7918. Previously, there was no minimum limit for blob fees, which were stuck ...
According to reports, Liquid Capital announced on the X platform that after the Ethereum Fusaka upgrade, the Blob Base Fee surged by 15 million times. The core reason behind this surge is the addition of a 'bottom mechanism' for blob fees in EIP-7918. Previously, there was no minimum limit for blob fees, which were stuck at 1 wei (almost free) for a long time, causing nodes to bear costs such as KZG verification without reasonable returns. After the upgrade, the blob fee must be ≥L1 executing 1/15.258 of the Base Fee, directly anchoring the real network cost. This design allows prices to reflect actual resource consumption (avoiding L2's free use of network resources), adjust blob traffic through price fluctuations, prevent congestion, and improve blob storage capacity through PeerDAS technology. Additionally, blob fees are included in the ETH burning mechanism, with future estimates suggesting a potential 8-fold increase in ETH burning and a contribution of 30-50% of the total burning amount by 2026 (depending on the growth of L2 transaction volume).
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Link: Ethereum's Fusaka Upgrade Causes 15 Million-fold Surge in Blob Base Fee Due to Addition of 'Bottom Mechanism' in EIP-7918 [Copy]
