Search results for "BLOB"

The Ethereum Community Fund (ECF) was established to promote the development of ETH infrastructure.

According to Gate News bot, The Block reports that Ethereum core developer Zak Cole has announced the establishment of the Ethereum Community Foundation (ECF). The foundation focuses on promoting the application of Ethereum infrastructure at the institutional level. ECF plans to enhance the practical value of ETH by funding "immutable, tokenless" projects. Base
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Ethereum developers proposed to halve the block interval time to 6 seconds.

Ethereum developers discuss the EIP-7782 proposal, planning to shorten the block generation time to 6 seconds to improve Decentralized Finance transaction efficiency. Although it may increase network burden, if successful, the Gas limit will triple. The proposal still needs to undergo rigorous testing.
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Ethereum (ETH) developers have halved the block time to 6 seconds, doubling the number of blocks.

According to Gate News bot, CoinTelegraph reported that core developer Barnabé Monnot discussed Ethereum Improvement Proposal 7782 on June 21, which suggests reducing the slot time (the frequency of new block creation) to 6 seconds by adjusting the timing of various blockchain operations.
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The Ethereum Foundation is restructuring the Protocol team, focusing on L1, blob scaling, and user experience improvements.

Gate News bot reported that the Ethereum Foundation (EF) merged its protocol R&D department under the unified name "Protocol", and the new plan focuses resources on three technical priorities: scaling the base layer, scaling the blob capacity of the L2 network, and improving the user experience. Protocol currently has a reduced number of operating staff. The Foundation confirmed that some researchers and engineers left during the restructuring and encouraged other Ethereum companies to recruit these talents.
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The Ethereum Foundation team has undergone a renaming and restructuring, focusing on three strategic goals.

The Ethereum Foundation announced that the "Protocol R&D" team has been renamed to "Protocol" and is restructuring the team to focus on L1 scaling, blob scaling, and user experience improvements. Tim Beiko, Alex Stokes, and others will be responsible for execution, with some members leaving the foundation. The goal is to promote the development of Ethereum by improving R&D efficiency, accelerating zkEVM and L2 integration, and advancing global expansion.
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Ethereum weekly blob fees hit a new low for 2025.

PANews, April 2 news, according to Cointelegraph, the main source of income from Layer2 scaling chains for the Ethereum network - "Blob fees" - has fallen to its lowest weekly level since the beginning of this year. Etherscan pointed out in a post on the X platform that in the week ending March 30, Ethereum earned only 3.18 ETH through Blob fees (approximately $6000 based on April 1 prices). This figure represents a 73% decrease from the previous week and has plummeted over 95% from the peak of 84 ETH in the week of March 16.
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Vitalik: Pectra upgrade is expected to be launched in March, with L2 capacity expected to double.

ETH founder Vitalik Buterin said that the Pectra upgrade is expected to be launched in March, increasing the blob target from 3 to 6, meaning that the L2 network capacity will double. He suggested determining the blob target through a coin holder voting mechanism and expressed gratitude for some improvements, which will provide important support for the ETH Ethereum L1 expansion.
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Fidelity: The relationship between Layer 2 and Ethereum is mutually beneficial

Fidelity Digital Assets said that the Rollup-centric roadmap will drive the expansion of Ethereum, while maintaining the operability of the Layer 1 blockchain. Although Layer 2 may extract value, the underlying layer provides cheap transaction execution services through Layer 2, further promoting the distribution of Ethereum tokens, and able to maintain the core concept of decentralization, and achieve mutual benefit.
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Celestia's blob size has risen 10 times in the past two weeks

The number and daily trading volume of Blobs on Celestia have recently increased significantly. The average size of Blobs has increased from 1.18 GB to 11.4 GB, possibly due to the minting of Non-fungible Tokens and more projects choosing to use Celestia. The daily trading volume has increased from an average of 44,000 times to 71,000 times, exceeding 60% rise.
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Ethereum Foundation researcher: There are technical challenges to increasing Block gas limit, please community be patient.

The Ethereum community is discussing increasing the gas limit, but there are technical challenges that require a major protocol upgrade; developers are preparing for the Pectra 2 network upgrade, including two key proposals to reduce risk and increase network capacity.
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Vitalik: Blob has entered the price discovery phase, with daily total fees reaching 10 ETH.

Odaily Planet Daily News Vitalik Buterin wrote in Warpcast that Blob has quietly "entered price discovery," and the recent total fees seem to average about 10 per day.
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The 214th Ethereum ACDE meeting: Fusaka Devnet 2 is scheduled to launch on June 23.

On June 21, the Ethereum core developers' meeting discussed the Fusaka upgrade and 12 new EIPs, including PeerDAS data availability sampling, gas limits, and contract size restrictions. Some EIPs require further testing, and Fusaka Devnet 2 is scheduled to launch on June 23, extending the testing timeline.
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Ethereum confirms Mainnet upgrade on May 7, the Fusaka upgrade plan includes multiple EIP proposals.

Gate.io News bot message, according to @ralexstokes' summary report on the 155th Ethereum Consensus Layer Core Developers Meeting (ACDC), the meeting confirmed that the Pectra Mainnet upgrade will be executed on May 7. The meeting also discussed matters related to the Fusaka upgrade and has decided to include EIP-7594/PeerDAS and EIP-7892/BPO in the upgrade plan, while the stability of the EIP-7917 proposer and the EIP-768 SSZ stable container are still under consideration. Regarding the Builder API extension issue, developers pointed out that under high blob counts, the size of the synchronous API response body is large, putting pressure on the resources of small nodes. To address this, the development team plans to revise the API for Fusaka and will seek specific solution suggestions from the builder and relay communities. Source: Wu Says
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Vitalik: The goal is to run FusakaTestnet with specific blob parameters the day after Pectra goes live.

BlockBeats news, on March 1st, Ethereum co-founder Vitalik Buterin posted, "By 2025, we need the Fusaka upgrade plan to use PeerDAS on L1, ideally targeting/restricting blob to 48/72. Our goal is to run a Fusaka Testnet with these blob parameters on the second day after launching on Pectra."
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Solana co-founder: Multiple L2s make no sense, a single L2 that supports parallel processing can use up all the blob space.

Odaily Planet Daily News: Solana co-founder toly stated in a post that multiple L2s make no sense. If a single L2 can handle parallel execution, it can use up all the blob space and run each use case. What's more, useful Smart Contracts are not infinite, let alone execution environments.
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Vitalik's article discusses the future development of the Ethereum protocol, The Purge, with goals including dropping storage requirements and reducing the complexity of the Ethereum protocol.

The key goals for the future development of the Ethereum protocol are to reduce client storage needs and protocol complexity by reducing the need for Nodes to permanently store historical and state data, and eliminating unnecessary features. The long-term goal is for Nodes to be responsible for storing all content and charging a one-time fee. RISC-V, Cairo, or other VMs can be chosen as the new 'official Ethereum VM' to reduce complexity, and EVM contracts will be forcibly converted to new VM code.
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Ethereum developers have once again finalized the scope of the Fusaka upgrade, now covering 12 EIPs.

PANews, June 20 news, the meeting minutes show that the 214th Ethereum execution layer core developer meeting (ACDE) re-examined the decisions made in the last meeting and agreed to keep the final scope of the Fusaka upgrade largely unchanged, only adding one additional EIP, namely EIP 7939. Developers agreed to include the following 12 EIPs in the Fusaka upgrade: EIP-7594 (PeerDAS - peer data availability sampling), EIP-7823 (setting the upper limit for MODEXP), EIP-7825 (transaction Gas limit), EIP-7883 (ModExp Gas cost increase), EIP-7892 (hard fork limited to Blob parameters), EIP-7917 (deterministic proposer foresight), EIP-7918 (Blob base fee is limited by execution costs), EI
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Ethereum 2025 Blob Expansion Plan: The Fusaka upgrade will gradually increase Blob capacity.

According to the Gate.io News bot, Ethereum researcher @ralexstokes recently proposed the Blob expansion plan for 2025. The plan shows that the next Ethereum hard fork upgrade after the Pectra upgrade is named Fusaka, which includes the PeerDAS improvement proposal. The Pectra upgrade has adjusted the Blob target and maximum values per block from 3/6 to 6/9. With PeerDAS technology, these values will be further enhanced to 48/72. Considering the innovativeness of PeerDAS technology, the development team has chosen to gradually adjust the parameters using the BPO fork method. The specific implementation plan is as follows: After the activation of the Fusaka upgrade mainnet, first maintain the parameters blob(6 and 9) for two weeks, then double the Blob capacity every two months, ultimately reaching (48 and 72). Ethereum core developers plan to launch the Fusaka mainnet in the third quarter of 2025.
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ETH developers have launched a new Testnet Hoodi for the final testing of the Pectra upgrade

The Ethereum Foundation plans to launch a new test network, Hoodi, for testing the final Pectra deployment and is expected to go live on March 17. Previously, there were configuration issues on other test networks, resulting in a delay in the activation schedule for Pectra. The Pectra upgrade aims to improve the availability and scalability of Ethereum, including reducing data availability costs, increasing stake limits, and introducing account abstraction. The activation is planned for April 25 on the Ethereum Mainnet.
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PolygonzkEVM will launch service updates on the Mainnet test version, and the lock-up period will end on October 28th.

Golden Finance reported that the time lock for the Polygon zkEVM Mainnet Beta upgrade has been triggered, and the lock-in period will end on October 28th. This update will enhance network resilience, introduce Rollback for Polygon zkEVM and CDK chains, and also support blob through 4844.
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The 212th Ethereum ACDE meeting: Fusaka Devnet-0 will go live on May 26th.

The Ethereum execution layer core developer meeting on May 25 discussed the launch of Fusaka Devnet-0, the scope of Fusaka EIP discussions, testnet strategies, and future plans. Specific topics included discussions on EIP-7825 and EIP-7918, testnet strategies aimed at long-term maintenance testnets, as well as decision-making and discussion agendas in future planning.
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Ethereum execution layer core developer meeting: Fusaka Devnet-0 is scheduled to launch on May 26.

According to Gate News bot, Ethereum developer Tim Beiko summarized the 212th Ethereum execution layer core developer meeting (ACDE), confirming that Fusaka Devnet-0 is set to launch on May 26. The meeting discussed several Fusaka EIP proposals: EIP-7825 sets the transaction Gas limit to 30M, while EIP-7918 anchors the Blob fee rate to the Base Fee to alleviate fee fluctuations. These two proposals have been confirmed to be included in Devnet-1, and other candidate EIPs will be considered in Devnet-2. In terms of testnet strategy, the development team decided to first fork Sepolia while retaining Hoodi for application testing and encouraging community participation in the long-term maintenance of the testnet. Regarding the follow-up arrangements, next week's CL Call will make a decision on EIP-7917, and the ACDE meeting two weeks later will determine the content of Devnet-2 and start discussions related to Glamsterdam. Source: Wu Says
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The 157th Ethereum ACDC meeting: Proposal to upgrade Ethereum Magicians to drop the threshold for external contributors' participation.

The 157th Ethereum consensus layer core developer meeting discussed the Pectra review upgrade process and looked to the future, releasing an analysis report after the addition of Blobs; Fusaka updated its status, with fusaka-devnet-0 expected to go live on May 26; a proposal was made to create a new platform or upgrade Ethereum Magicians to drop the participation threshold for external contributors.
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The 157th Ethereum ACDC meeting: Upgrading Ethereum Magicians to drop the participation threshold for external contributors.

The 157th Ethereum Consensus Layer Core Developer Meeting discussed the Pectra review upgrade process and outlook for the future, releasing an analysis report after the addition of Blobs; Fusaka updated its status, expecting fusaka-devnet-0 to go live on May 26; proposed the creation of a new platform or upgrading Ethereum Magicians to drop the participation threshold for external contributors.
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The 157th Ethereum ACDC meeting: The Pectra upgrade has been completed, and the ACD meeting structure is proposed to be reorganized.

The core developers meeting of the Ethereum consensus layer discussed the Pectra upgrade, the Pari analysis report, the progress of Fusaka, and the validators' custody specifications. They plan to restructure the ACD meeting framework to increase community participation and proposed the establishment of a new ACD forum.
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The 157th Ethereum ACDC meeting: Planning to launch the Fusaka development network on May 26.

The summary of the Ethereum consensus layer core developer meeting on May 18 is as follows: Pectra upgrade has been completed, and the community continues to submit feedback; the Fusaka plan will launch a new version on May 26, which includes multiple improvements; discussions on validators' custody standards are ongoing; the meeting intends to reorganize to promote community participation and EIP tracking, with the new structure planned to be finalized in early July.
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Summary of the 157th Ethereum Consensus Layer Core Developer Meeting: The Fusaka Development Network is expected to go live on May 26, and the Pectra upgrade has been completed.

The 157th meeting of the Ethereum Consensus Layer core developers conference (ACDC) has been held, with major progress including the completion of the Pectra upgrade, stable operation in the Fusaka direction, discussions on validator custody standards, and proposals for restructuring the ACD meeting framework. The restructuring will focus on the current and next fork, aiming to strengthen community participation in proposal formulation and establish a full-process tracking mechanism for EIPs.
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Ethereum Pectra upgrade scheduled for May 7: 11 EIP optimizations for staking mechanism and L2 scalability performance.

Gate.io News bot message, Ethereum is about to welcome the significant Hard Fork upgrade Pectra for the execution layer (Prague) and the consensus layer (Electra). This upgrade includes 11 EIP proposals, setting a record for the most EIPs involved in a single upgrade in Ethereum's history. After multiple rounds of verification on the test network, the mainnet upgrade time has been confirmed for May 7th at 10:05 UTC. The core content of this upgrade includes three major directions: optimizing the validator staking mechanism through EIP-7251, EIP-7002, and EIP-6110; using EIP-7691 and EIP-7623 to enhance Blob throughput to reduce L2 transaction costs; and implementing EIP-7702 to introduce temporary smart contract functionality for EOA accounts. In addition, the upgrade also includes proposals such as EIP-7685 and EIP-2537, which optimize technical aspects such as cross-layer request processing, cryptographic operation efficiency, and historical block hash storage. Source: WeChat
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Vitalik urges the ETH network expansion plan to prioritize Ethereum, including fee burning, stake, and increasing Blob revenue

Odaily Planet Daily News Vitalik Buterin urges the Ethereum expansion plan to prioritize ETH, including fee burning, stake, and increasing Blob
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Analysis: The volatility indicator for ETH/BTC is tightening, and the market is focused on the trend of Ethereum before the Pectra upgrade.

PANews, May 5th news, according to CoinDesk, the BOLL indicator of the ETH/BTC Exchange Rate has narrowed to its tightest level since June 2020, indicating that market Fluctuation may soon rise. Typically, a contraction in the BOLL indicates that prices are about to break out, potentially triggering severe Fluctuation. This technical signal appears as Ethereum is set to undergo on May 7th.
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Executives of the Ethereum Foundation elaborate on the long-term development roadmap of Ethereum.

According to Gate.io News bot, Tomasz K. Stańczak, the co-executive director of the Ethereum Foundation, elaborated on the long-term development roadmap of Ethereum. This roadmap focuses on blob expansion, L1 performance improvement, and user experience optimization, including L2 interoperability and Application Layer optimization. Stańczak emphasized that Ethereum will continue to mint assets at the L1 level in the future, promoting the development of RWA and stablecoins. At the same time, the roadmap covers improvements in security and communication efficiency. In addition, the Ethereum ecosystem will attract long-term innovators through visions such as AI, autonomous machines, privacy, and open-source society.
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Ether developers will launch the Pectra test on Holesky

ETH Workshop Pectra has been upgraded to the Holesky testnet with new account abstractions, support for Layer 2 extensions, and improved validators experience. Notable changes include EIP-3074, which allows EOA to perform bulk transactions and sponsored gas, while increasing blob capacity by 50%. This is a crucial step towards account abstraction.
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Etherscan: The median gas fee on the ETH mainnet last week was 1.245 gwei

BlockBeats News, on February 10th, Ethereum blockchain explorer Etherscan released a weekly data snapshot, which shows that from February 3rd to 9th, there were 8.84 million transactions on the Ethereum mainnet, with a median gas fee of 1.245 gwei and a blob fee of 41.46.
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Polynomial founder: ETH Pectra upgrade can only temporarily alleviate the problem, and more solutions are still needed for long-term expansion.

The demand for Layer 2 on the Ethereum Mainnet has been increasing rapidly, with 55% of Mainnet blob being occupied by BASE and World Chain, resulting in basic fees breaking through $50 multiple times. The Pectra upgrade will increase the limit of blobs per block to 9, but more solutions are still needed for long-term scalability.
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Starknet has released Starknet v0.13.3 and is expected to launch on Mainnet this week.

Odaily Planet Daily News: Starknet has announced the release of Starknet v0.13.3 on the X platform to meet the demand for stable rise of ETH Blobs. The Blob gas on Starknet is now 5 cheaper.
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Vitalik: Hope to see more EVM Rollups improve data efficiency

Odaily Planet Daily News Vitalik Buterin wrote on the X platform that part of L2 expansion is Ethereum increasing its blob capacity, while the other part is rollups becoming more data-efficient. It's great to see Starknet rise to the challenge, and I hope to see more EVM aggregations also improve data efficiency. Earlier news, Starknet announced the launch of solution Starknet v0.13.3, only meets the processing of ETH blo
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Ethereum validators approved a Gas Limit increase to 36M, and the usage of MEV-Boost blocks has significantly increased.

According to Gate.io News bot, as reported by Wu, Ethereum validators approved an increase of the Gas Limit to 36M through on-chain voting. @Data_Always's data analysis shows that after this adjustment, the median Gas usage of MEV-Boost blocks built by external builders has increased by about 3M, and the frequency of full blocks has risen. The Gas usage of Vanilla blocks built locally by validators remains basically unchanged, while the Gas usage of Recovery blocks (the MEV-Boost blocks following Vanilla blocks) has increased by 4-6M. To address the challenges faced by local builders, the community has proposed several technical solutions: EIP-7872 suggests setting a maximum blob count limit for local builders; introducing a gas usage flag mechanism to support local builders in restricting block gas usage; and EIP-7623 proposes controlling the execution layer load by adjusting calldata costs.
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Ethereum Foundation researcher: ETH daily income may reach $1 billion within 10 years

In the latest semi-annual AMA of the Ethereum Foundation, researchers responded to issues regarding the scalability and security of Ethereum. The first phase of the Pectra upgrade will improve data availability, increase the number of Blob transactions, and have a significant impact on the Blob fee market. Researchers believe that the TPS of Ethereum could reach 10 million in the future, with the goal of strengthening its economic position and reducing L2's reliance on Layer 1. A $2 million bug bounty is open to encourage Hard Fork stress testing to ensure upgrade security.
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Vitalik discusses the positioning of Ethereum, Rollup scalability, centralized sequencers, and future roadmap

PANews reported on February 19th that according to Vitalik Buterin's response on warpcast, he believes that Ethereum (ETH) can be both a Bitcoin-style decentralized currency and a "world computer," emphasizing that decentralization and censorship resistance are the core of Ethereum's long-term value. Regarding the Rollup expansion route, Vitalik stated that the current ETH approach adopts a hybrid model of L1+L2, but it still needs to define which transactions are suitable for L1 and which are suitable for L2. He warned that putting everything on L2 may weaken the value storage and transaction medium status of ETH, and it is also difficult to cope with the demand for cross-L2 operations. Vitalik believes that the centralized sequencer (Sequencer) has advantages such as preventing front-running, providing instant confirmation, and reducing the difficulty of on-chain applications, but it still faces issues of resistance to censorship and Decentralization. Therefore, he supports a solution based on forced inclusion (For
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Vitalik: There is currently no such thing as "ETH 3.0"

Ethereum co-founder Vitalik Buterin clarified that there is currently no 'ETH 3.0' and emphasized the focus on strengthening L1 performance. Justin Drake's five-year plan involves the consensus layer, not the execution layer. Vitalik mentioned a roadmap for improving L1 performance, cross L2 interoperability, and optimizing blob space. He pointed out that the Ethereum community needs to maintain adaptability to ensure smooth transactions on L1.
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Vitalik: There is currently no 'ETH 3.0,' strengthening the ETH mainnet is a top priority

ETH co-founder Vitalik stated in the AMA held on the Tako platform that there is currently no such thing as 'ETH 3.0.' He pointed out that Justin Drake's 5-year plan only involves the consensus layer, not the execution layer, emphasizing the relationship and balance between L1 and L2 as an execution layer issue. He emphasized the roadmap of enhancing L1 capabilities, improving cross-L2 interoperability, and warned against solely looking at whether L2 pays enough transaction fees to L1 from a short-term perspective. He stressed the need to strengthen L1, ensure that what happens on L1 stays on L1, increase blobs, and maintain community adaptability.
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The supply of ETH has risen to the level before the merge upgrade, and analysts say that the Dencun upgrade may be the cause of inflation.

The supply of Ether has climbed to its highest level since January 2010, currently at 120,521,523 ETH, possibly due to the decrease in destruction cost ratio caused by the large data load transactions of Dencun upgrade. ETH, as a 'ultrasonic currency,' may face risks.
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Golden Morning News | Overnight Highlights on January 9th

21:00-7:00 Keywords: FOMC Meeting Minutes, CFTC Chairman, Blob Expansion 1. Fed Governor Waller: Supports further interest rate cuts in 2025; 2. SEC Chairman reiterates that the cryptocurrency field is "rife with bad actors"; 3. Vitalik Buterin calls for prioritizing key upgrades such as 'Blob expansion' optimization; In the past 5 hours, the USDC Treasury has minted 200 million USDC tokens; 5. The Fed megaphone: Meeting minutes indicate officials are generally unwilling to cut interest rates this month; 6.CryptoQuant: Institutional investors have accumulated over 34,000 bitcoins in the past 30 days; 7. Fed Meeting Minutes: Inflation will continue to slow, but Trump administration policies may increase the risk of price pressure;
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Vitalik Buterin calls for ETH Ethereum core developers to prioritize key upgrades such as 'Blob expansion' optimization

PANews 8th January news, Ethereum founder Vitalik
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Aave Co-founder Stani: Optimistic about the performance of Ethereum in 2025

BlockBeats News, on January 1st, Aave co-founder Stani shared his market insights, stating that Ethereum will have a promising start in 2025. The Pectra upgrade will allow EOAs to operate like Smart Contracts, providing scalability and improving user experience and security for smart Wallets. Introducing blob space will significantly enhance scalability. These improvements will be achieved through dynamically adjusting blob limits at the consensus layer, thus improving the DA scalability of Ethereum (Mainnet and L2). Pectra is the included EIP.
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Starknet v0.13.3 has been launched on Mainnet

According to official news, Starknet v0.13.3 has been launched on the Mainnet. This version will improve the data efficiency of Starknet. The Blob gas cost on the Mainnet has dropped by about 5 times, which means all Starknet
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JPMorgan: Ethereum may continue to face 'intense competition' from other networks

Ethereum is facing fierce competition from competing blockchains, with its market share in the Cryptocurrency market falling to a four-year low. Analysts point out that competitors' low fees and high scalability are weakening Ethereum's base chain, while decentralized applications are also seeking their own dedicated chains. However, Ethereum still maintains a leading position in stablecoins, Decentralized Finance, and tokenization. Whether it can continue to maintain its leadership position remains to be seen.
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Analysis: Ethereum market share fell to a four-year low, or may continue to face fierce competition from other public chains

JPMorgan analysts pointed out that Ethereum is facing continued pressure from public chain competition and layer 2 networks, lagging behind Bitcoin and other tokens, with its market capitalization ratio at a four-year low. Ethereum lacks a strong narrative logic, and activities are increasingly migrating to layer 2 networks, weakening the base chain.
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Ethereum developers: The core Ethereum developer meeting has reached a preliminary Consensus to increase the Blob target/max value to 6/9

BlockBeats news, on November 28, Ethereum protocol developer and Prysm maintainer Terence expressed on social media that the Ethereum core developer meeting (AllCoreDevs) has reached a preliminary Consensus, raising the blob target/maximum from 3/6 to
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Walrus launches public Testnet for Decentralized storage and data availability protocol

Odaily Planet Daily News Mysten Labs launched the Decentralization storage and data availability protocol Walrus, announced the launch of the public test network. It is reported that Walrus, suitable for blockchain applications and self-agents, has released a developer preview to collect feedback. It is reported that the main advantages provided by this protocol include: economically efficient Blob
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