Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The Ethereum blockchain is experiencing a surge in blob inscriptions, leading to a significant increase in transaction fees. The new method, called "BlobScriptions," has caused fees to spike over 10,000%, reaching $300. This surge in blob transactions has pushed the network to full capacity, with inscriptions exceeding 40% of total activity on some days.
ETHEREUM EXPERIENCES SURGE IN BLOB TRANSACTIONS, EXCEEDING NETWORK CAPACITY The rate of blob transactions on Ethereum has surged beyond the network's capacity due to increased demand following the introduction of inscriptions on blobs. The Dencun upgrade, implemented by… https://t.co/SAWzZbZWgW
Ethereum sees 2437 Blob inscriptions in a day, leading to a huge rise in fees. from @deepnftvaluebot https://t.co/NswH0aj1zn
Blob-Based #Ethereum Inscriptions Rise Sharply https://t.co/yW8eBlr0oq
