How Blob Gas Priority Fees Influence Ethereum’s Transaction Costs

The article analyzes Ethereum’s newly emerged blob gas fee market post-EIP-4844, comparing it with the traditional gas fee market. It introduces the concept of the blob gas priority fee, explores its role as a proxy for unmet demand, and examines interrelationships between base and priority fees. Findings reveal that blob gas fees are more volatile yet better aligned with user demand, offering valuable insights for DApp developers, rollup operators, and protocol designers seeking to balance market responsiveness with transaction cost predictability.

Table of Links

Abstract and 1. Introduction

A. Consensus Security Data

B. Rollup Data Collection

C. Detailed Var Model Results for Blob Gas Base Fee and Gas Fee

D. Detailed Var Model Results for Blob Gas Base Fee and Blob Gas Priority Fee

E. Rollup Transaction Dynamics

4.4 Blob gas fee market

Understanding the blob gas fee ...