The developers at Gnosis Chain have implemented a version of the Dencun upgrade on their network, introducing type 3 blob transactions to enhance scalability for decentralized applications (dapps). Blob.Fm, a content-based platform, emerged as the pioneer in leveraging blobs on the Gnosis Chain, showcasing their practical application. Formerly known as xDai Chain, Gnosis Chain operates as a sidechain alongside Ethereum and is governed by GnosisDAO, boasting a total value locked exceeding $320 million. Stefan George, co-founder of Gnosis Chain, expressed excitement, stating, "Dencun is activated. Now you can use blobs to scale Gnosis or post funny pictures using blob.fm."

Read Previous

Record-breaking Influx: $2.7 Billion Floods into Global Crypto Investments

Read Next

Core Foundation Unveils Core Journey NFT Collection and Core Ignition Program