One interesting outcome of this fee reduction is that developers have been able to post the entire script of the Bee Movie on the blockchain at a much lower cost. The blobs feature allows for temporary data storage for approximately eighteen days, after which it is permanently removed from the network. This temporary storage solution has been particularly beneficial for layer 2 networks running on top of Ethereum.
The success of the new blobs feature is evident in the reduced fees seen on platforms such as Optimism, where fees are now less than a cent as of Thursday morning. Additionally, developers on the Base blockchain have reported a staggering 99.8% reduction in fees following the implementation of this feature.
Overall, the Dencun upgrade and the introduction of the blobs feature have significantly improved the accessibility and affordability of data storage on the Ethereum network, allowing developers to experiment and have some fun on the blockchain while enjoying substantial cost savings.
