Support for Dencun Hard Fork
With the latest Ethereum hard fork Dencun that went live on March 13th 2024, Ethereum took the next major step in its ongoing evolution. In this hard fork, the Ethereum community rolled out multiple updates, including improvements that unlock Layer-2 (L2) scalability by introducing Blobs, a way for L2s to leverage the Ethereum Consensus Layer as a Data Availability layer, with the goal of reducing fees for these L2s. For a detailed breakdown of the impact Blob space has had on L2 fees, please refer to our State of the Network #245 in which we dive deep into the impact the Dencun upgrade has had on L2 fees. With the ongoing adoption of Blobs by L2s, Coin Metrics is excited to announce the expansion of our Blob centric metrics to specifically capture the impact on L2s.

Measuring Blob Space
The major upgrade included in Dencun is the introduction of blob space to unlock Layer-2 scalability. With L2s having utilized Blob space since the go-live of Dencun, we are excited to announce the release of new metrics to our Network Data Pro clients (NDP), specifically aimed at measuring key metrics surrounding blob space usage by L2s. These metrics are available to our End of Day as well as real time clients.

By offering these metrics, we hope to unlock insights for our clients into the adoption of blob space by L2s.

Endpoint: /timeseries/asset-metrics?assets=<asset>?&frequency=[frequency]&metrics=[List of metrics]

List of new metrics: Coin Metrics Blob Expansion – Metric Additions

To learn about this endpoint and the functionality, please visit our data encyclopedia at:

How can you stay updated? 
At Coin Metrics we are constantly innovating and releasing new data and insights. In addition to Email and Slack, you can keep updated through the following channels:

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State of the Network

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