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Yi Li Hua: Fusaka Upgrade Causes Ethereum Gas Blob Fee Surge Due to EIP-7918 Fee Floor
BlockBeats News, December 5th, Liquid Capital (formerly LD Capital) founder Eric Yaohua posted on social media, stating, "After the Ethereum Fusaka upgrade, the blob base fee surged by 15 million times. The core reason is the addition of the EIP-7918, which introduces a blob fee 'base fee' mechanism. Previously, the blob fee had no minimum limit and was stuck at 1 wei (almost free) for a long time, causing nodes to bear costs such as KZG verification without reasonable returns. After the upgrade, the blob fee needs to be ≥1/15.258 of the L1 execution base fee, directly anchoring to the actual network cost.
This design not only allows prices to reflect actual resource consumption (avoiding L2 free occupation of network resources) but also adjusts blob traffic through price fluctuations to prevent congestion. At the same time, PeerDAS technology has increased blob storage capacity. In addition, the blob fee is included in the ETH burning mechanism. It is estimated that in the future, it may burn 8 times more ETH, and by 2026, it is expected to contribute to 30-50% of the total burn (depending on the growth of L2 transaction volume)."
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