Data Always:
Rather than focusing on time, the goal of the proposal is to price the minimum blob base fee below, but close to, the inflection point where blobspace fees begin to form a measurable share of total fees paid by blobs. On June 20th, despite the surge in blobs beginning just after 11:00 UTC, it wasn’t until 15:17 UTC that blobspace fees began to contribute 0.1% of total fees paid by blobs, and it wasn’t until 15:41 UTC that a base fee of 2^25 wei (0.0335 gwei) was exceeded.
Source: https://dune.com/queries/4050166/6819510
By contrast, had the minimum base fee been 2^25 wei during the LayerZero airdrop, the network may have leapfrogged the cold-start problem and minimized the dislocation between price and demand. We might expect the distribution of blob fees to have behaved as follows, with the blob market still taking an hour or longer to normalize.
Source: https://dune.com/queries/4050746/6820583
Why do these charts have different x-axis time ranges? I am finding it difficult to understand the charts when one starts at 15:41 and the other starts at 11:00. It is visually difficult to see the above 2^25 effect on the blob fee breakdown
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