Dune Analytics data show that Ethereum blobs are being used to create inscriptions, much like Ordinals on Bitcoin, at a record rate.

March 27 saw 2,437 blob inscriptions, which comprised 22.8% of the blobs posted in the day, according to a Dune Analytics user named Hildobby. That's the highest usage of blobs posted among other Ethereum Layer 2s such as Arbitrum, Optimism, Base and Linea. 

What's more, increased blob inscriptions coincided with a spike in the fee on Base, reaching $300 before falling to about $30. Ethereum is also seeing a dip in slot utilization, which is likely due to blob-induced large block sizes. 

"Inscriptions on EVM chains are data embeds found in transactions' call data, which, much like Ordinals on Bitcoin, aim to mimic the versatility of …