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Linea, a company in the blockchain space, has been posting a significant number of 'blobs,' causing fluctuations in fees. Initially, they published a large amount of blobs, leading to a spike in fees. However, they later reduced the number of blobs posted. The excessive blob usage has resulted in rising blob base fees and concerns about pricing strategies in the market.
Total blob Consensus Layer fees paid quickly approaching 50% of total Execution Layer blob tx fees Currently... Blob CL Fees📦: $378,230 EL tx fees (+ priority fees): $904,366 Median blob CL costs at $11.89 over the last 24 hours... they were around $0.000000001 48 hrs ago https://t.co/XjEPMkotBB
Only took 2 weeks for the blob gas fee to exceed the base gas fee 👀 https://t.co/xb2N77bTbL
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