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After the Fusaka upgrade was completed, the surge in blob fees sparked quite a bit of discussion. Some people are curious: Does this mean ETH burn will accelerate? I did a simple calculation.
Let's review the blob fee logic introduced in the Dencun upgrade—it’s actually pretty straightforward and purely based on usage. When demand hasn't filled the target, supply is excessive, so there’s no competitive pressure. At this point, the blob base fee will automatically decrease, approaching the protocol’s minimum value of 1 wei. In other words, fees only increase when usage is truly maxed out.