Weekly Ethereum Blob Fees Plummet 73% to Lowest Levels Since Start of 2025

According to blockchain data explorer Etherscan , Ethereum generated its lowest weekly blob fees so far this year from March 24 to March 30. Etherscan data show that Ethereum generated 3.18 ETH — approximately $5,700 according to current ETH prices — in blob fees in the last week. This represents a 73% drop from the 11.25 ETH, approximately $20,160 generated the previous week, and a more concerning 95% drop from the mid-March peak in blob fees of 84 ETH, $103,500 at current prices. Blobs, or Binary Large Objects, are extra blockspace for Ethereum Layer 2 (L2) networks to batch data and post it more cheaply to the Layer 1 (L1). L2s pay blob fees, which are a source of revenue for the Ethereum mainnet. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io