Ethereum's current economic model and the potential impact of L2 growth:

Currently, Ethereum's validator reward structure and fee burning mechanism operate as follows:

Approximately 90,000 ETH ($226.5 million) is given as rewards to validators monthly
- 77,000 ETH ($193.8 million) comes from issuance
- ~13,000 ETH ($32.7 million) comes from gas fees
An additional 12,000 ETH ($30.2 million) is burned monthly at the current rate
This results in about 25,000 ETH ($62.9 million) spent in gas fees monthly
Of these gas fees, only about 200-400 ETH ($503,400-$1,006,800) comes from blob fees, representing merely 1.2% of total Ethereum fees

To significantly increase the impact of blob fees on Ethereum's economics, substantial growth in L2 activity is required. Let's consider two scenarios:

Blob fees contributing 25% of current Ethereum network fees: To generate 7,500 ETH ($18.88 million) monthly from blob fees, L2 networks would need to:
- Scale from the current 30 million to approximately 625 million daily transactions (20x increase)
- Generate between 166,667 ETH ($419.5 million) and 1,500,000 ETH ($3.78 billion) in monthly fees, depending on the blob fee ratio (4.5% to 0.5% respectively) This growth would require significant expansion in L2 adoption, including more L2 solutions, increased user adoption, and higher transaction throughput per L2.
Fully counteracting monthly ETH issuance through blob fees: To offset the 77,000 ETH ($193.8 million) monthly issuance, L2 networks would need to:
- Process approximately 6.4 billion daily transactions (213x current levels)
- Generate between 1.7 million ETH ($4.28 billion) and 15.4 million ETH ($38.76 billion) in monthly fees

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