Ethereum ‘Blobs’ Unleash Activity Reminiscent of Bitcoin Ordinals’ Early Days

Similar to the early stages of Bitcoin Ordinals, Ethereum users are creating inscriptions with the help of ‘blobs,’ which were introduced to the network as part of its Dencun upgrade on March 13.on March 27, which, interestingly, accounted for almost 23% of the daily blob postings. This level of activity even eclipsed prominent Ethereum Layer 2 options like Arbitrum, Optimism, Base, and Linea.

Similar to Bitcoin Ordinals, where data is associated with the smallest unit of BTC, blobs essentially allow for the inclusion of data in Ethereum transactions. This is done without compromising block processing time and aligns with Ethereum’s ongoing efforts to optimize transaction costs on Layer-2 networks, a goal highlighted by the introduction of EIP-4844.by the Ethscriptions protocol on March 27.

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