Analysis: After the upgrade of Cancun, the amount of ETH burned decreased by 84% compared to before the upgrade, and Ethereum's income dropped by 69%

Galaxy Digital has released a research report analyzing the impact of Blob on Layer2 and Ethereum during the 150 days of Cancun upgrade. The main points include: · Ethereum's revenue and ETH supply burning have significantly decreased, with total revenue being 69% lower than the average value before the upgrade for 150 days, and ETH burning volume is 84% lower than the average value before the upgrade for 150 days. · Layer2 profitability has increased, with Optimism type profitability rising from 22.65% to 92.3%, and ZK type profitability increasing from 27.27% to 66.7%. · Layer2 operating costs have dropped significantly, falling from an average daily cost of $1.07 million to $556,400 .· Transaction activity and failure rates have both risen significantly, possibly due to an increase in robot activity.