What is Blob Transaction (EIP-4844)?
A blob transaction (EIP-4844) is a new Ethereum transaction type that carries large data 'blobs' at reduced cost — designed specifically for Layer 2 rollups to post data to Ethereum more affordably.
WHY IT MATTERS
EIP-4844 (Proto-Danksharding) introduced blob-carrying transactions to Ethereum in March 2024. Blobs are large data attachments (~128KB each) with their own fee market, separate from regular gas. This dramatically reduced the cost of L2 data posting.
The impact was immediate: L2 transaction costs dropped by 10-100x. Posting a batch of thousands of transactions to Ethereum went from costing hundreds of dollars to single digits.
Blobs are temporary (pruned after ~18 days) — they provide data availability long enough for fraud proof windows but don't permanently bloat Ethereum's state. Full Danksharding will expand this further.