{"id":14060,"date":"2024-06-04T15:53:05","date_gmt":"2024-06-04T12:53:05","guid":{"rendered":"https:\/\/forklog.com\/en\/blob-integration-significantly-reduces-blast-usage-costs\/"},"modified":"2024-06-04T15:53:05","modified_gmt":"2024-06-04T12:53:05","slug":"blob-integration-significantly-reduces-blast-usage-costs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/blob-integration-significantly-reduces-blast-usage-costs\/","title":{"rendered":"BLOB Integration Significantly Reduces Blast Usage Costs"},"content":{"rendered":"<p>The Layer 2 network Blast has begun utilizing <span data-descr=\"large binary data objects\" class=\"old_tooltip\">BLOB<\/span> objects, reducing transaction fees by approximately tenfold, according to <a href=\"https:\/\/www.theblock.co\/post\/298259\/blast-passes-on-cheap-fees-to-users-without-the-bundling\">The Block<\/a>.  <\/p>\n<p>On May 27, the protocol&#8217;s developers added support for <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-developers-activate-dencun-hard-fork-on-mainnet\">Dencun<\/a>, which includes <a href=\"https:\/\/forklog.com\/en\/news\/how-eip-4844-will-affect-ordinary-ethereum-users\">EIP-4844<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Blast will be upgraded to support blobs on Monday May 27 at 2PM PT.<\/p>\n<p>Blast users will have lower gas fees and Dapps will earn more gas fee revenue after the upgrade.<\/p>\n<p>Infrastructure providers should upgrade to the latest Blast node which has 4844 support. <a href=\"https:\/\/t.co\/QEbxZCyR0Y\">pic.twitter.com\/QEbxZCyR0Y<\/a><\/p>\n<p>\u2014 Blast (@Blast_L2) <a href=\"https:\/\/twitter.com\/Blast_L2\/status\/1793686918506623032?ref_src=twsrc%5Etfw\">May 23, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Prior to the upgrade, the average transaction fee in Blast was around $0.1. Post-upgrade, the network&#8217;s fee dropped below $0.01. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/kJo8MLA6CprQ4FbUIiY9jworOBUTEohocE3dk-ySOmGZ6y1h2oYwCH0FMk756mUiNFr5Lh9JKu6Uxb9MsJGViLOCsRVIGs67SmTSwNqTaj-EF64W1CrZJSRM3fKqD2rpt91lf310SXxkhBIFXGtxEyA\" alt=\"BLOB Integration Significantly Reduces Blast Usage Costs\"\/><figcaption class=\"wp-element-caption\">Average daily fee in Blast. Source: The Block.<\/figcaption><\/figure>\n<p>Daily, the network produces between 700 and 1000 blocks, trailing behind Arbitrum, Base, Optimism, Taiko, and Scroll, but ahead of Linea and other ZK solutions.<\/p>\n<p>Blast ranks third in the number of BLOB objects published on the Ethereum mainnet. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/lAaUQ2-iwuzPCI3YkwhvexS58Ti9f1r9SCD_0sQUzjqObGRtaWeL2Udz4VC7KIoL-et8KYcKd1i6xR35jEBgcjLMvJCmf7rstrnNx-eQUZeC6i4P9Cxve4LwvjnUTFxDyAbJLZekIbsWYeaF4FJBp5s\" alt=\"BLOB Integration Significantly Reduces Blast Usage Costs\"\/><figcaption class=\"wp-element-caption\">Number of BLOB transactions in blockchains. Source: The Block.<\/figcaption><\/figure>\n<p>However, the protocol <a href=\"https:\/\/etherscan.io\/tx\/0x1f923155d31d6399a7a4ff15c2308ee982817b31a1035c3fd89e8aeb8be22671#blobs\">includes<\/a> only one large binary data object per transaction, whereas Optimism <a href=\"https:\/\/etherscan.io\/tx\/0xa7857f7dfb3d475fbcfae7aab068e591f69e77db02419a9ee6dcf4a10a1bcf7b#blobs\">uses<\/a> six. <\/p>\n<p>It is economically advantageous to include more BLOB objects within a single transaction, as they significantly reduce data storage costs. <\/p>\n<p>Most Layer 2 networks include six arrays, but newly launched solutions Taiko and Scroll currently use only one. It is likely that Blast is also &#8220;getting accustomed&#8221; to the technology.<\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/chain\/Blast\">DeFi Llama<\/a>, the total value locked in the network has reached $2.24 billion. At the time of writing, Blast ranks sixth in <span data-descr=\"total value locked in the protocol\" class=\"old_tooltip\">TVL<\/span> among all blockchain protocols. <\/p>\n<p>Blast is an EVM-compatible scaling protocol utilizing Optimistic Rollups. The platform offers a passive income of 4-5% annually.<\/p>\n<p>Initially, the project attracted users with the promise of an airdrop, which was planned for May. However, the date was later moved to June. <\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/37477\" data-width=\"100%\"><\/script><\/p>\n<p>The project was launched in November 2023 by the founder of the NFT marketplace Blur, under the pseudonym Pacman. Initially, the protocol did not even have a test network and offered users to deposit coins through a bridge. <\/p>\n<p>The Blast mainnet <a href=\"https:\/\/forklog.com\/en\/news\/blast-developers-announce-mainnet-launch-date\">launched on February 29<\/a>. Shortly thereafter, users <a href=\"https:\/\/forklog.com\/en\/news\/blast-mainnet-launch-sees-1-3-billion-withdrawn-by-users\">withdrew<\/a> $1.3 billion in assets from the protocol.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Layer 2 network Blast has begun utilizing BLOB objects, reducing transaction fees by approximately tenfold, according to The Block. On May 27, the protocol&#8217;s developers added support for Dencun, which includes EIP-4844. Blast will be upgraded to support blobs on Monday May 27 at 2PM PT. Blast users will have lower gas fees and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1270,1178,1179],"class_list":["post-14060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blast","tag-blockchain-fees","tag-layer-2-solutions"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14060"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14059"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}