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Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’

Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account for...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’
Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account for over 40% of blob transactions, leading to a significant increase in network activity. This uptick has resulted in a congestion of blob transactions, pushing […]

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This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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