Yilihua: After Ethereum Fusaka upgrade, blob base fee surged by 15 million times

Jinse Finance reported that Liquid Capital posted on X: "After the Ethereum Fusaka upgrade, the blob base fee surged by 15 million times. The core reason is that EIP-7918 introduced a 'minimum guarantee mechanism' for blob fees—previously, there was no minimum limit for blob fees, which were long stuck at 1 wei (almost free), resulting in nodes bearing KZG verification and other costs without reasonable returns. After the upgrade, the blob fee must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring it to the real network cost. This design not only makes the price reflect actual resource consumption (preventing L2 from using network resources for free), but also allows for blob traffic adjustment and congestion prevention through price fluctuations, while PeerDAS technology has increased blob storage capacity. In addition, blob fees are now included in the ETH burn mechanism. According to estimates, this could lead to up to 8 times more ETH being burned in the future, potentially contributing 30-50% of the total burn volume by 2026 (depending on the growth of L2 transaction volume)."