Blob Gas Prices Surge Post-Fusaka Upgrade, Base Fees Remain Low

According to BlockBeats, Tom Wan, Head of Data at Entropy Advisors, shared on social media that despite the exponential rise in average Blob Gas prices following the Fusaka upgrade, with most prices remaining at 1 wei, the Blob base fee continues to be extremely low, approximately $0.03. Additionally, the EIP proposal offers another advantage: enhanced predictability and reduced volatility of Blob prices. This allows Layer 2 projects and institutions to more easily estimate costs.