State of Blob Markets

The Dencun hard fork has brought data costs on Ethereum down significantly and correspondingly reduced transaction costs on Layer 2s (L2s). This research piece will take a closer look at the state of the data blobs market, as well as its impact on L2s’ profitability.

As mentioned earlier and in a previous research piece, the Dencun upgrade has brought transaction costs on L2s down from between 80-95%, depending on the L2 in question. Additionally, the reduction in computational resources used by L2s that adopted data blobs also brought the positive externality of reducing the gas costs for other L2s that have yet to adopt data blobs. For instance, Linea, which only started adopting data blobs on March 27, 2024, had already started seeing a noticeable decrease in transaction costs during the window between the Dencun upgrade and its adoption of data blobs.