Ethereum Price Plunge: Latest Update on ETH/USD Movement

Ethereum’s (ETH) Temporary Memory Segments

Ethereum’s temporary and cost-effective memory segments, or blobs, are being plagued by inscriptions. Nearly 40% of blobs are being utilized by text or image storage inscriptions, popular as Blobscriptions.

The Arrival of Blobscriptions on Ethereum

Rise in Ordinal-like Inscriptions on Ethereum

Data from crypto intelligence platform Dune Analytics shows that Ethereum blobs are being used to create inscriptions at a record rate. On March 27 and 28, there was a spike in inscriptions, embedding text or images in blobs or “memory segments” on the Ethereum blockchain.