Yili Hua: After the Ethereum Fusaka upgrade, the blob base fee skyrocketed by 15 million times

Liquid Capital posted on platform X: "After the Ethereum Fusaka upgrade, the blob base fee surged by 15 million times, primarily due to the introduction of the 'minimum blob fee' mechanism in EIP-7918 ------ Previously, there was no minimum limit on blob fees, which were stuck at 1 wei (almost free) for a long time, causing nodes to bear costs like KZG verification without reasonable returns; after the upgrade, the blob fee must be ≥ 1/15.258 of the L1 execution base fee, directly anchoring to the real network costs. This design allows the price to reflect actual resource consumption (avoiding free occupation of network resources by L2), and also regulates blob traffic through price fluctuations to prevent congestion, while the PeerDAS technology enhances blob storage capacity; in addition, blob fees are included in the ETH burning mechanism, which is estimated to potentially burn 8 times more ETH in the future, with a contribution of 30-50% to the total burn amount expected by 2026 (depending on the growth of L2 transaction volume)."