Ethereum Sees Surge in Blob Fees Following BlobScriptions Launch
The decentralized finance (DeFi) landscape witnessed a notable upturn in transaction costs following the rollout of a new Ethereum feature known as BlobScriptions. Introduced by Ethscriptions on March 27, this innovation has triggered a significant increase in Blob fees, essential for data inclusion within Ethereum blocks. From a measly one wei (a fraction of a cent), these fees soared to an astonishing 585 gwei (approximately $18), underscoring a dramatic escalation shortly after the feature's launch.
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