Derived from Odaily, the Ethereum Fusaka upgrade has caused the Blob Base Fee to surge by 15 million times, primarily due to EIP-7918's new 'minimum guarantee mechanism.' Previously, blob fees had no lower limit and often remained at 1wei, making them nearly free. The upgrade now requires blob fees to be at least 1/15.258 of the L1 execution Base Fee, aligning it with actual network costs. This change ensures resource usage is priced fairly, prevents L2 from free-riding, and helps regulate blob traffic to avoid congestion. Additionally, blob fees are now included in ETH's burning mechanism, with estimates suggesting ETH burn could increase by up to 8 times, potentially contributing 30-50% of total burns by 2026, depending on L2 transaction growth.
Ethereum Fusaka Upgrade Boosts Blob Base Fee by 15Mx Due to EIP-7918
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