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And blobs are live on Ethereum! Let's take a moment to appreciate the efforts of the core devs who have worked diligently over the past 2 years to make this happen. Read the recap on shipping Dencun.

On Etherscan, we are displaying blobs data and an improved UI/UX for contract verification.

In this issue, we have a walkthrough of the early days of blobs on Ethereum. Answer the poll to test your knowledge on blobs and stand a chance to win $10 in ETH!

ETHERSCAN


Guest Post

Blobs Are Temporary and Permanent

Blobs Are Temporary and Permanent

Our guest writer, Takens Theorem, makes the case that blobs are both temporary and permanent, while also walking us through:

  • The activation of blobs
  • Blob activity thus far
  • Blob fee burns
Read More
View Blobs

FEATURE

View Blobs

View blob data in the Block, Transaction, and View Blobs pages.

Contract Verification Update

FEATURE

Contract Verification Update

Suggest nametags & labels, Code Reader sanity checks & multichain verification API.

Sponsor

SPONSORED

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1st CEX listing fractionalised NFTs & Index Perps with a special welcome bonus.

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ECOSYSTEM


Trending

Dencun is Live on Mainnet

The upgrade went smoothly, with the first blob appearing in block 19426589. Rollups now consistently posting data to blobs, benefiting from lower fees.

twitter.com/TimBeiko

Blob Fees Skyrocket as Blobscriptions Went Live

Inscriptions once spiking transaction activity post data to blobs, driving blob fees from 1 wei to >100 gwei. Blobscriptions activity has since tapered off.

twitter.com/VitalikButerin

Advocating to Raise Ethereum's Gas Limit

Raising gas limit to 40M could allow for more transactions and lower fees. Others advocate for careful research first to avoid impacting solo stakers.

twitter.com/econoar

Discussions on Reducing ETH Issuance

ETH staked may go from 26% now to >50% by 2025. Opponents doubt worst-case scenarios, emphasizing benefits should greatly outweigh harms.

notes.ethereum.org/@mikeneuder

Maker Proposes to Allocate 600M DAI to Ethena's USDe

The allocation has a 1B DAI ceiling. Aave proposed 0% LTV for DAI across all deployments in response. Andre Cronje voiced his concerns.

forum.makerdao.com

Developers

Goerli Testnet is Deprecated

Etherscan's Goerli explorer is set to read-only, and developers are advised to migrate their contracts to Sepolia and Holesky testnets.

twitter.com/TimBeiko

Sepolia Incident

A bug enabling attackers to create invalid blocks by surpassing RPC size limits was addressed with client updates featuring safer RPC limits.

blog.ethereum.org

Community

4844 Data Challenge by the Ethereum Foundation

Document your best blob data insights in the most readable blog post possible to educate the Ethereum community for a chance to win prizes.

esp.ethereum.foundation

What Else Could Memecoins Be?

Amidst outcry against racist memecoins, Vitalik advocates for higher-quality fun memecoin projects that contribute positively to the world & ecosystem.

vitalik.eth.limo

Market Commentary

March Market Roundup

March Market Roundup

Of BTC ETF rollercoaster, airdrop stimulus, memecoins and more... Let's unpack.


Note: We're trying out this new section for traders. Let us know what you think here.

Pick of the Month

Transaction: First Onchain Dividend for BUIDL Fund

BlackRock's BUIDL Fund, an ERC-20 token on Ethereum, distributed its first monthly dividend by minting tokens directly to investors' wallets.

Address: EIC01 | ETH Investors Club

1st EIC quarterly report offers comprehensive ecosystem insights. Mintable on Base, 50% of creator earnings are donated to Protocol Guild.

FAQ

Questions received last month:

How to view daily transaction fees spent by an address?
Visit any address page, click on the "Analytics" tab, then "TxnFees" tab. Hover over the graph to see total fees spent on a particular day. Adjust the timeframe to view gas spending trend of the address. Read more.

How is blob transaction fee calculated?
Blob transactions include a blob fee as part of the transaction fee. Total fee for a blob transaction can be calculated as calldata fee (calldata gas price * calldata gas used) + blob fee (blob gas price * blob gas used). Read more.

Confused with some terms in this newsletter?
Remember to check the Etherscan glossary!

Pro Tip

Monitor swaps of your favorite ERC-20 tokens in the past hour
Refer to a previous token swap transaction and apply the "Method" Advanced Filter. At the Advanced Filter page, select "1H" in the Age field, and filter by the token address you want to monitor in the Asset field.

Jobs

Looking for a job in crypto? Check out these roles below:

Lead Community Manager at Avatar.One | Remote

Senior Mobile Engineer at Lightcurve | Remote

CMO (Web3 Gaming) at PlayToEarn | Remote

Smart Contract Security Auditor at Hashlock | Remote

Want to advertise a job on this newsletter? Send us an email.

Quiz: Blobs

POLL

Quiz: Blobs

Answer this quiz on Blobs and stand a chance to win $10 in ETH!

Answer Poll