Ethereum Layer 2 Scaling Crisis Looms as Daily Blob Activity Hits Record Highs

Ethereum Layer 2 Scaling Faces Limitations Amid Rising Blob Activity

Gautham Santhosh, a co-founder of Polynomial.fi, cautions that Ethereum Layer 2 scaling solutions may soon limit their ability to scale the mainnet effectively. The increase in the quantity of binary big objects, or blobs, that hundreds of L2s have posted to Ethereum makes this clear. Hildobby, a pseudonymous data researcher, reports that the daily total has averaged a record 21,000 since November.

This is where the worry lies. Coinbase’s World Chain and BASE are the only two Layer 2s that generate 55% of the daily blog activity. Thus, a persistent demand for Layer 2s might soon exhaust the capacity that is available.

Ethereum L2s are about to hit a brick wall. 55% of all blob space is already consumed by just 2 chains. And at current growth rates, we’re only months away from everything breaking,

Santhosh

Why Blob-Carrying Transactions Are Transforming Ethereum’s Mainnet Usage?

Blobs are transactions with an additional piece of transaction data attached, similar to standard transactions. Blob-carrying transactions, in contrast to regular transactions, are only accessible for eighteen days and do not permanently occupy the mainnet space. Transactions are bundled, processed off-chain, and then posted to the main chain for verification using blobs in Layer 2 protocols.

There is an objective of three blobs per block, and the limit is six. A base fee is assessed to control demand from L2s once the goal is accomplished. The goal of three has continuously been reached since November due to the great demand for blobs. In other words, base fees are rising as a result of L2 scores vying for the per-block target.

It’s like having a highway with only 3 lanes for 50 growing cities,

Santhosh

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