The discussion surrounding minimum blob base fees in Ethereum's Layer 2 ecosystem highlights the complexities and misconceptions regarding transaction costs associated with blobs. Contrary to the belief that blobs incur no fees, submitters face execution fees ranging from $0.10 to $3.00 per blob, influenced by the type of data and prevailing gas prices. The introduction of EIP-7762, which proposes a minimum blob base fee of approximately $0.01, aims to stabilize the blob market and reduce the duration of priority gas auctions (PGAs) during periods of high demand. The community's debate over establishing a blobspace reserve price stems from misunderstandings about how blobs are processed on-chain. While the blobspace fee market has struggled to meet demand, leading to a cold-start problem, transactions carrying blobs still incur mainnet gas fees. The concern is that the current limit of six blobs per block, combined with the sluggish response of the blobspace fee market, can lead to prolonged PGAs, complicating transaction pricing for Layer 2 solutions. EIP-7762 seeks to address these issues by adjusting the minimum blobspace base fee, which is currently set at 1 wei. This low fee requires significant block saturation to influence blob pricing dynamics. Historical data shows that blobspace usage has remained below target levels, resulting in minimal fees for most blobs. However, blob-carrying transactions still incur substantial execution fees, which, while lower than historical call data costs, are significant enough to warrant consideration in setting a minimum base fee. The analysis reveals that the execution costs for blob-carrying transactions vary significantly based on the number of blobs included. Transactions with fewer blobs tend to incur higher fees per blob, while those with multiple blobs benefit from economies of scale. This discrepancy is largely due to the different strategies employed by various entities in submitting blobs, with some being more efficient than others. The proposed minimum fee of $0.01 per blob is expected to have a minimal impact on overall costs, with only the least efficient transactions seeing a notable increase. The adjustments aim to create a more functional blobspace fee market, which could help mitigate the cold-start problem and improve the predictability of blob inclusion during high-demand periods. The response time of the blobspace fee market is also a critical factor. Under EIP-4844, the maximum adjustment to the blobspace base fee is capped at 12.5%, which can lead to delays in reaching equilibrium during demand surges. Historical events, such as the LayerZero airdrop, illustrate the challenges faced when the blob base fee remains at its minimum, resulting in significant delays before blobspace fees contribute meaningfully to total transaction costs. In conclusion, while raising the minimum blobspace base fee is not a panacea, it represents a necessary adjustment to enhance the protocol's efficiency. The anticipated market impact is expected to be minimal, primarily affecting the lowest quality blobs, while still ensuring that the overall costs remain competitive. The ongoing discussions within the community reflect a commitment to refining the blob market and addressing the challenges posed by fluctuating demand and transaction complexities.