ETH Tops $3,200 as Fusaka Activates; EIP-7918 Sets Blob Fee Floor, PeerDAS Sampling Reduces Node Load

first published 2025-12-03T16:30:54Z

Combined Ethereum and Layer‑2 activity reached a record 32,950 TPS (up from 31,000). Much of the rise was driven by Lighter, a zk‑rollup perpetual exchange. The Fusaka upgrade (merging Osaka, Fulu and PeerDAS) goes live today, cutting node blob storage to one‑eighth and adding rules to ensure Layer‑2 transactions contribute to ETH burn, an effect estimated at 200,000–400,000 ETH burned per year. ETH trades around $3,082 (above its 7‑ and 30‑day SMAs) with a near‑term target near $3,269; total crypto market cap is about $3.13 trillion.

AI Analysis

Record combined TPS (32,950) and Lighter activity indicate increased on‑chain demand; Fusaka reduces node blob storage to one‑eighth and introduces Layer‑2 burn rules estimated to add 200k–400k ETH burned per year; ETH price sits at $3,082 above short‑term SMAs with a near‑term target of $3,269 — facts support a moderately bullish outlook and potential short‑term market impact.

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