The implementation of EIP-4844, known as 'blobs', has significantly reduced Ethereum's Layer 2 (L2) transaction fees, marking a pivotal development in the blockchain's scalability and cost-efficiency. This upgrade is estimated to lower fees to between $0.01 and $0.05 per transaction, a substantial decrease from the previous range of $0.2 to $2. With Starknet being the first to adopt blobs, it has become one of the most cost-effective networks, boasting a 100-fold improvement in gas fees and a 99% reduction in costs. Starknet's fees are now even lower than those of the Polygon sidechain, with early data indicating a more than 50% reduction in fees across the board. The adoption of blobs across multiple L2s has not only made Starknet the cheapest option but has also brought L2 fees within close range of Solana's, enhancing Ethereum's competitiveness. Additionally, the new feature has been celebrated within the community, with developers leveraging the cheaper fees for creative projects, including posting the Bee Movie script on-chain. Starknet's fee comparison shows $0.03, significantly lower than Optimism's $0.95, Arbitrum's $0.98, and zkSync's $0.18 ($0.12 after refund), with Polygon sidechain at $0.07. The hourly averages after over 6 hours of using blobs were 25 blobs at $1.2k (0.29 ETH) for zkSync and 194 blobs at $6.6k (1.65 ETH) for Starknet, indicating active and cost-effective usage. Gas Compression on Injective enables 33X less fees than any L2, showcasing the competitive landscape of blockchain fee reductions.