The Ethereum network has witnessed a significant upgrade with the introduction of 'blobs', a development aimed at reducing transaction fees across various platforms, including Base, Arbitrum, and Optimism. This upgrade, resulting from two years of collaborative work among thousands of contributors worldwide, went live at 00:00:01 UTC on March 13, 2024. The implementation of blobs is expected to drastically lower the costs associated with transactions on Ethereum, with early reports indicating a reduction in fees for minting an NFT from approximately 44 cents to 0.048 cents, marking almost a 1000x decrease. Additionally, platforms like Arbitrum One are set to see further fee reductions in two phases, with the first coinciding with the blobs' introduction and the second scheduled for March 19, 2024, instead of the previously communicated March 18. This move is anticipated to enhance the efficiency and affordability of operations on the Ethereum blockchain, benefiting users and developers alike, with transaction fees on Base now as low as $0.0005.
The originally communicated date for the upcoming fee reductions for Arbitrum One was March 18th. The more accurate date is March 19th in most time zones. Specifically, it will be rolled out after 1:00 AM, Tuesday, March 19th ET. Keep calm, and blob on. 🫡💙
Blobs have now landed on #Arbitrum 💙 Trader Joe users will notice significantly lower gas cost when performing swaps or providing liquidity. ✅ Swaps now cost $0.06 ...But wait, there's more. In addition to reducing data posting fees via EIP-4844, ArbOS Atlas is also… https://t.co/pJZ1u6FVJP
Blobs are officially live on Arbitrum 🔷 Median gas cost to swap is now around $0.05 https://t.co/YiRlwYp2n5
We are thrilled to see the blobs live on Arbitrum! 🐡 The ArbOS Atlas upgrade is an exciting achievement and provides an even more seamless experience to users on Arbitrum. We had a great time contributing to this major upgrade and look forward to continue scaling Ethereum! https://t.co/KiJGbn8QaI
Arbitrum rolls out 'Atlas' upgrade, integrating use of blobs https://t.co/2R054rNgHS
The blobs have landed on Arbitrum! 💙 🐡 ArbOS 20 "Atlas" is now live, blobs are in effect, reducing data posting costs. ⛽ Additional execution gas fee reductions for Arbitrum One will go live on March 18. More details below 👇 https://t.co/amVT5EnQWE https://t.co/pyS9AVORFF
Arbitrum started to push blobs 🥳 https://t.co/vo10X6KRI4
Freedom is about to get cheaper. Reminder that Arbitrum One cost reductions will activate in two phases 1. Phase 1 will activate TODAY when the network will begin using blobs. 2. Phase 2 will activate on Monday when additional cost savings go live.
.@Starknet, @Optimism, @base put Blob on the network, gas fees drop to $0.01. Blob is Starknet's Dencun analogue upgrade to lower gas. Base and Optimism released NFT in honour of it. https://t.co/xrNPhoXeLT https://t.co/7YlGJloH91 https://t.co/AtYXOM11b2 https://t.co/k90GGFNMiK
Blobs on @base are now blobbin. In a pre-blob world, minting an NFT cost ~44 cents. In a post-blob world, it now costs 0.048 cents. That's almost a 1000x reduction in costs. The future of Ethereum is now. https://t.co/Jgt95iTlH4
after 2 years of hard work, blobs are now live on @base before: $0.31 after: $0.00 (but actually $0.0005) wallets need to update to handle these cost reductions! https://t.co/solIX9D4HM
after 2 years of hard work, blobs are now live on @base before: $0.31 after: $0.00 (but actually $0.0005) wallets need update to handle these cost reductions! https://t.co/pSaXHoFh7h
Blobs are live! We created a neat transaction fee tracker for you. OP chains will switch to blobs at midnight UTC. Arbitrum is also expected to switch tomorrow. Cheap tx here we come 😍 https://t.co/iU8XNnE6VQ
Blobs are finally on Ethereum, here's an update on Arbitrum support! 1⃣ Tomorrow, all Arbitrum rollup chains can start to see lower fees as a result of Dencun x ArbOS Atlas upgrade. 2⃣ March 18th there will be additional fee reductions for Arbitrum One, as per ArbOS Atlas.
Arbitrum One users can expect two big fee reductions: March 14, when blob posting starts, and March 18 when DAO-approved fee reductions trigger. Fee cuts could take a few hours to phase in, due to a stabilizer that smooths fees to avoid whipsawing.
The blobs have arrived. Arbitrum One users will see the benefits go live and fees reduced in two phases: 1. Tomorrow (March 13) will see the initial reductions 2. Monday (March 18) additional fee reductions are expected Exciting week ahead for Arbitrum users!
Blobs are live on mainnet! But it will take a few days for rollups to start submitting them https://t.co/rDuXaEKTxo
For all my frens in blue: All Arbitrum chains will start seeing the benefits of Dencun tomorrow after 9:41am EST. Then on March 18th there's going to an even steeper fee reduction on Arbitrum One, in line with ArbOS Atlas.
blobs are live on ethereum! @base and the superchain will upgrade to leverage them at 00:00:01 UTC tomorrow / 5p PST today two years of hard work alongside thousands of other contributors around the world - about to pay off!
Blobs are live on Ethereum! Here's when the leading rollup stacks plan to start posting blob transactions: Ecotone upgrade (@Optimism) Wed Mar 13 8:00 PM ET ArbOS Atlas upgrade (@arbitrum) Thu Mar 14 9:41 AM ET https://t.co/O3x3kFC81C