# Ethereum's Blob Boom

*Author: Bankless*
*Published: Nov 26, 2024*
*Source: https://www.bankless.com/fr/read/ethereum-blobspace-boom*

---

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Frame-50567--2-.png)](https://www.bankless.com/sponsor/cartesi-1713304933?ref=read/crypto-in-developed-economies&email=true)

  

Ethereum's Blob Boom
    
  

  
  Published on Nov. 26, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

---
[**Sponsor: Cartesi**](https://www.bankless.com/sponsor/cartesi-1713304933?ref=read/crypto-in-developed-economies&email=true) — Tap into the power of Linux, the simple way to build in Web3.

[Visit cartesi.io to learn more](https://www.bankless.com/sponsor/cartesi-1713304933?ref=read/crypto-in-developed-economies&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Ethereum's Blob Boom
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Group-14--62-.png)](https://www.bankless.com/dashboard)- 🔥 **Ethereum Blob Activity Surges. **Ethereum’s blobspace, introduced in the Dencun upgrade, is [seeing record use](https://www.bankless.com/read/ethereums-blob-boom) with over 21,000 blobs processed this month as L2s like Arbitrum and Base ramp up activity.
- 💸 **Bitcoin ETFs See Big Outflows.** After a record amount of inflows last week, U.S. spot Bitcoin ETFs saw [$438 million in outflows](https://www.bankless.com/read/bitcoin-etfs-outflows) yesterday, November 25th, amid the Bitcoin price pulling back toward $90k. 
- 📆** UK Targets 2026 for Crypto Framework.** The Financial Conduct Authority (FCA) plans to finalize a [regulatory framework by 2026](https://www.bankless.com/read/uk-targets-2026-crypto), addressing stablecoins, staking, and more as crypto adoption has grown to 7M users in the country.

.  .  .

 
  
    

    MARKET VIBES

  
  
Rally Pause, or Retrace?
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **While it seemed gravity reversed for most major cryptocurrencies over the past few weeks, the uptrending stopped this morning as the majority of the top 100 coins, including BTC, ETH, and SOL, are trading in the red on the day. It remains to be seen if this is just a momentary pause in the market's recent rallying or the start of a deeper correction, though new regulatory tailwinds suggest it's the former. 

Prices as of 3pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $3.15t
       

  
    
    ↘ 4.0%
    
  

   
    
    ↗ 2.3%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $92,158
       

  
    
    ↘ 3.2%
    
  

   
    
    ↘ 2.0%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,296
       

  
    
    ↘ 5.3%
    
  

   
    
    ↗ 4.9%
    
  

       ![](https://token-repository.dappradar.com/tokens?protocol=ethereum&contract=0x6f40d4a6237c257fff2db00fa0510deeecd303eb&file=logo.png)
    

  **INST**
   
          $5.34
       

  
    
    ↘ 5.9%
    
  

   
    
    ↗ 45.1%
    
  

  

---
🌊**New Token Rating: **Instadapp has gained big traction recently, with its Fluid DEX capturing attention across DeFi. Can Instadapp’s innovative approach continue to position it as a major player?[Unlock INST on Token Hub](https://www.bankless.com/tools/token-hub/instadapp)

.  .  .

 
  
    

ANALYSIS

  
  
Why Crypto Matters in Developed Countries
  
  
   
     
     Bankless Author: 
     
       [
       
        Jonah Roberts](https://www.bankless.com/author/jonah)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/image---2024-11-26T105100.601-1.png)](https://www.bankless.com/read/crypto-in-developed-economies)**Crypto is often championed as a tool for financial inclusion in developing economies, but its relevance in the Global North is less understood. **

In regions where traditional banking systems are well-established, why does crypto still hold importance? 

This piece unpacks the key ways crypto is gaining traction in developed countries—not as a necessity but as an alternative driven by institutional distrust, underserved communities, and the rise of digital-native economies. 

*Dive in to explore how crypto is carving out an influential role even in the world's most advanced economies*! 👇

[Read More on Bankless.com](https://www.bankless.com/read/crypto-in-developed-economies)
---