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What you can see here: First Linea used a lot of data, insensitive to the block base fee causing a huge spike in fees. Now inscriptions fill up blob usage until a very specific price, effectively setting a floor price for blobs. https://t.co/afrQU4FAbD https://t.co/dscypGtGzs
What is happening it’s very interesting to watch. 👀 Ethereum blob space gets used up, and people are filling it with NFT is cases, driving up the gas price for those blob spaces. Ethereum just became our testnet now. And we can now see how this is handled before we finally… https://t.co/GWfSN66Cyr
The stupid that walk among us have started using blobspace for inscriptions ...it's probably good stress testing at least? Interested to see how high the blob base fee gets https://t.co/chvZDRGb8G
Linea posting a much more reasonable number of blobs (<5% of blobs in last few hours) 🤌 https://t.co/XVrSeyXWpV https://t.co/mFDbTiIKwW
linea has more blobs than users https://t.co/iWWOlZWGul
Blob market observations: @LineaBuild started posting blobs today. Seems like their initial setup wasn't very optimized as they published **a lot** of blobs. This caused a serieus spike in the blobs/block which was above the target (3) for ~1u30. https://t.co/V8VibXq67c
Linea posting a ton of blobs src: https://t.co/zt1nL4k1Aw https://t.co/BazkedMhVt
Linea has started to post blobs (50%+ of them lately), pushing us to ~3 blobs/blocks src: https://t.co/zt1nL4k1Aw https://t.co/5ILLHOS33o
Linea, a notable entity in the blockchain space, has recently increased its activity by posting a significant number of blobs, leading to a substantial spike in blobs per block. Initially, the company was posting blobs at a rate that pushed the average to approximately three blobs per block, a figure that significantly exceeded the target for about 1u30. Observers noted that Linea's initial setup might not have been fully optimized, causing an unexpected and huge spike in the number of blobs. However, adjustments were made, and Linea managed to reduce the posting to a more reasonable number, less than 5% of the total blobs in the last few hours. This activity has sparked discussions within the community, with some pointing out the use of blob space for inscriptions as a form of stress testing. The increased usage of Ethereum's blob space, particularly for NFT cases, has led to a rise in gas prices for these spaces, effectively setting a floor price for blobs. Analysts are watching closely as Ethereum's blob space utilization provides a real-world testbed for observing market dynamics and price adjustments, making it an interesting scenario to watch.
