PANews reported on December 5th that Yi Lihua, founder of Liquid Capital, published an article on the X platform stating that the Ethereum Fusaka upgrade caused a 15 million-fold increase in blob base fees. The core reason is the new "minimum guarantee mechanism" for blob fees added in EIP-7918. Previously, blob fees had no minimum limit and were consistently stuck at 1 wei (almost free), causing nodes to bear costs such as KZG verification without reasonable returns. After the upgrade, blob fees must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring to the real network cost. This design allows the price to reflect actual resource consumption (preventing L2 from occupying network resources for free) and can regulate blob traffic and prevent congestion through price fluctuations. At the same time, PeerDAS technology increases blob storage capacity. In addition, blob fees are included in the ETH burning mechanism, which is estimated to burn up to 8 times more ETH in the future, potentially contributing 30-50% of the total burned amount by 2026 (depending on the growth of L2 transaction volume).PANews reported on December 5th that Yi Lihua, founder of Liquid Capital, published an article on the X platform stating that the Ethereum Fusaka upgrade caused a 15 million-fold increase in blob base fees. The core reason is the new "minimum guarantee mechanism" for blob fees added in EIP-7918. Previously, blob fees had no minimum limit and were consistently stuck at 1 wei (almost free), causing nodes to bear costs such as KZG verification without reasonable returns. After the upgrade, blob fees must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring to the real network cost. This design allows the price to reflect actual resource consumption (preventing L2 from occupying network resources for free) and can regulate blob traffic and prevent congestion through price fluctuations. At the same time, PeerDAS technology increases blob storage capacity. In addition, blob fees are included in the ETH burning mechanism, which is estimated to burn up to 8 times more ETH in the future, potentially contributing 30-50% of the total burned amount by 2026 (depending on the growth of L2 transaction volume).
Yi Lihua: Ethereum Fusaka upgrade caused blob base fees to surge 15 million times due to the addition of a "guaranteed return mechanism" in EIP-7918.
PANews reported on December 5th that Yi Lihua, founder of Liquid Capital, published an article on the X platform stating that the Ethereum Fusaka upgrade caused a 15 million-fold increase in blob base fees. The core reason is the new "minimum guarantee mechanism" for blob fees added in EIP-7918. Previously, blob fees had no minimum limit and were consistently stuck at 1 wei (almost free), causing nodes to bear costs such as KZG verification without reasonable returns. After the upgrade, blob fees must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring to the real network cost. This design allows the price to reflect actual resource consumption (preventing L2 from occupying network resources for free) and can regulate blob traffic and prevent congestion through price fluctuations. At the same time, PeerDAS technology increases blob storage capacity. In addition, blob fees are included in the ETH burning mechanism, which is estimated to burn up to 8 times more ETH in the future, potentially contributing 30-50% of the total burned amount by 2026 (depending on the growth of L2 transaction volume).
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