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Ethereum is in the spotlight, and its performance stems from flows from digital asset financing companies (DATCOS) and ETFs, but its prices were not the only metric to reach an all-time high. For the second consecutive month, ETH price action has come with record levels of PARP volume. In August, it had a volume of nearly $2 trillion, up 30% from July’s $1.5 trillion.
August also marked Ethereum’s highest ever DA usage, with its market share rising from around 53% in July to 63% in August. However, BLOB’s targets have not yet been hit (average 4.17 in August vs. 4.13 in July), so BLOB’s costs remain very low (near one WEI). Future Fusaka upgrades will implement “floor pricing” to address this issue.
