{
  "id": 7918,
  "title": "EIP-7918: Blob base fee bounded by execution cost",
  "status": "Final",
  "type": "Standards Track",
  "category": "Core",
  "summary": "This addresses blob fee market problems by introducing a reserve price tied to execution costs. When Layer 2 execution costs dominate blob costs, this prevents the blob fee market from becoming ineffective at 1 wei. See a storybook-style explanation [here](https://notes.ethereum.org/@anderselowsson/AIG)!",
  "impacts": [
    "More stable and predictable Layer 2 transaction costs, avoiding dramatic fee spikes when blob market becomes inelastic.",
    "More predictable blob cost modeling for applications, especially those with consistent data posting patterns.",
    "More predictable fee estimation for Layer 2 transactions due to improved blob pricing stability.",
    "Blob fee estimation tools and Layer 2 cost analysis dashboards need updates for the new reserve price mechanism.",
    "Fundamental improvement to blob economics - prevents scenarios where blob fees become insignificant relative to execution costs, ensuring healthy fee market dynamics.",
    "Ensures fair compensation for KZG proof verification compute costs through minimum blob pricing tied to execution base fee.",
    "Minimal impact as this primarily affects execution layer blob fee calculation mechanisms.",
    "Need to implement modified calc_excess_blob_gas() function with new reserve price logic and BLOB_BASE_COST parameter.",
    "Prevents blob fee market collapse",
    "Maintains effective price discovery",
    "Ensures blob consumers pay fair market price for compute",
    "Reduces dramatic fee spikes"
  ],
  "discussion_url": "https://ethereum-magicians.org/t/eip-blob-base-fee-bounded-by-price-of-blob-carrying-transaction/23271",
  "source_markdown_url": "https://github.com/ethereum/EIPs/blob/master/EIPS/eip-7918.md",
  "canonical_url": "/latest/eips/7918.json",
  "markdown_url": "/latest/eips/7918.md",
  "citations": [
    {
      "recordId": "eip-7918",
      "artifactPath": "normalized/7918.json",
      "url": "/records/proposal/eip-7918/normalized/7918.json",
      "label": "EIP-7918: Blob base fee bounded by execution cost",
      "snippet": "This addresses blob fee market problems by introducing a reserve price tied to execution costs. When Layer 2 execution costs dominate blob costs, this prevents the blob fee market from becoming ineffective at 1 wei. See "
    }
  ]
}