Ethereum’s weekly spot fee hits 2025 lows

According to Etherscan, the main revenue stream (L2) scaling chain (“Blob Fees”) of the Ethereum network has dropped to its lowest level from its weekly level so far this year.

In the week ending March 30, Ethereum received 3.18 Ether (ETH) from the spot fee, which was about $6,000 as of April 1, according to Etherscan.

Etherscan said in X Post that the figure marked a 73% drop in the previous week, down more than 95% for the week ending March 16, when Ethereum’s Blob Fee Income exceeded 84 ETH.

Related: Ethereum’s fee preparation is rebounding in L2, Blob Uptick

Pain after climbing Kane

In March 2024, Ethereum’s Dencun upgraded L2 transaction data to a temporary ion store called “Blobs.”

According to asset manager Vaneck, the upgrade lowered user costs but also reduced Ethereum’s total expense revenue, initially reducing 95%.

“The ETH fee is weaker as L2 has not filled available capacity yet, because L2 has not filled available capacity yet,” Matthew Sigel, head of research at Vaneck Digital Assets, said on the X platform on November 1, 2024.

Since then, the growth of spot costs has been unstable. Ethereum’s weekly BLOB fee revenue peaked at nearly $1 million in November, down sharply in recent weeks, according to Dune Analytics.

Ethereum’s efforts to earn meaningful income from spot fees underline concerns about network scaling models, which rely heavily on L2s for transaction throughput.

“The future of Ethereum will revolve around its effectiveness as the data availability engine for L2S,” Arndxt, author of Threads on Edge Communications, said in a March 31 X post.

According to an X post by Michael Nadeau, founder of DEFI report, L2 transaction volume will require an increase of more than 22,000 times BLOB fees to completely offset Ethereum’s peak transaction fee income.

However, Ethereum’s economics is still developing. For example, the Pectra upgrade of the network (which aims to significantly change the allocation of BLOB space on Ethereum), is scheduled to be carried out this year.

“The plan is simple: capture as much Ethereum as possible to capture as much market share as possible,” Sassal, founder of Daily GWEI, said in a March 17 X post.

Magazine: AI Agents Trading Cryptocurrency Is a Hot Narrative, But Beware of Rookie Mistakes