The rise of Ethereum blob adoption has caused its ETH weekly burn rate to surpass Uniswap

ChainCatcher message, Ethereum has averaged over 21,000 blobs per day in the past two months, a trend that highlights users' growing preference for L2 scaling solutions.

At the same time, the cost of the blob publishing process fluctuates based on network demand. According to data from GrowthePie, the fees associated with blobs on Ethereum reached approximately $4 million in the past month. These fees paid in ETH are burned, permanently removing these tokens from circulation and affecting their supply.

Essentially, the popularity of blobs has had a significant impact on the Ethereum ecosystem, particularly its ETH burn rate. According to data from Ultrasound.money, in the past week, blobs became the primary source of ETH burn on Ethereum, burning 453.24 ETH, surpassing the amount burned by the largest DEX on Ethereum, Uniswap, during the same period (396 ETH).

However, in the past 30 days, Uniswap remains the largest ETH burner, contributing 4,681 ETH, while burning 1,068 ETH through blobs.