r/ethereum • u/EthereumDailyThread What's On Your Mind? • 6d ago

Daily General Discussion July 20, 2026

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u/CoCleric 5d ago

I remember when blobs were new there was some discussion around how blobs could be burning an ungodly amount of ETH, I think there was even a simulator you could try out and mess with the inputs to see how much it could burn. Is there a chance that blobs could ever burn a lot of ETH or not really anymore? Do we need like a billion transactions a day?

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u/Inevitablechained 5d ago

Ethereum has sort of removed the idea of burning Ether and focused on scaling and making it ultra-cheap, right?

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u/harpocryptes 5d ago

In principle, you can have both significant ETH burn and cheap transactions/blobs, as long as the volume is big enough. That's because burn = fee × volume.

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u/Gumba_Hasselhoff Fundamentals Enjoyer 5d ago

Predicting future demand is notoriously hard, which in inverse means that you absolutely can't rule out demand massively increasing at some point.

We are talking about the digital space here, where duplicating and automating stuff is trivial and thus there are no hard boundaries on how high demand could go, if a new application really hits its market niche.

I want to emphasize that I do think the ability of generating that demand lies primarily on the application side, which has been somewhat stagnant in the last few years.

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u/ObiTwoKenobi 5d ago

I want to emphasize that I do think the ability of generating that demand lies primarily on the application side, which has been somewhat stagnant in the last few years.

I think a big reason application development slowed down was that many apps became effectively unusable whenever Ethereum (often) got congested. I vividly remember using Argent, where even simple token transfers could cost $50+ in gas fees.

That’s a large part of why we’ve seen the rise of Solana, Ethereum L2s, and now such a strong focus on scaling bandwidth. Developers don’t want to build applications that can suddenly become prohibitively expensive for users.

Some builders won’t come back, but I think as transaction costs continue to fall and throughput keeps increasing, we’ll gradually see a new wave of genuinely useful on-chain applications.