
The cryptocurrency community has witnessed a significant development as Ethereum and Bitcoin adopt a new feature known as inscriptions, specifically through a method referred to as "BlobScriptions" for Ethereum. These inscriptions have led to a record number of transactions, with Ethereum reaching 2,437 inscriptions on March 27, accounting for 22.8% of total blobs for the day. This surge in activity has not only highlighted the growing interest in inscriptions but has also triggered a notable increase in the Blob Base Fee, which is reported to be rising exponentially. The phenomenon has drawn attention from various corners of the crypto world, with platforms like @mempool adding filters for inscriptions and the market responding to the increased activity around blob inscriptions.
A new Ethereum inscription method called “BlobScriptions” is causing a massive spike in blob fees. https://t.co/JAWU357hWq
ETHEREUM BLOB INSCRIPTIONS HIT RECORD HIGH - Ethereum $ETH blobs, akin to Bitcoin's Ordinals, are being used for inscriptions at a record rate, reaching 2,437 inscriptions on March 27 alone, comprising 22.8% of the total blobs posted for the day. - This surge in blob… https://t.co/zg5JeuuTYr https://t.co/W4c0PBHoo9
JUST IN: ETHEREUM BLOBS ARE BEING USED TO CREATE "ORDINALS-LIKE" INSCRIPTIONS






