The Taiko protocol went live at the end of May and was designed to provide users with cheaper and faster transactions than the Ethereum mainnet. Since going live, Taiko has spent up to $900,000 on Blob in less than two weeks to move users' transactions to the Ethereum network, while its competitors such as Optimism have average daily Blob expenses of basically less than $1,000. Blob, launched in March as part of an Ethereum upgrade, is a new resource on the L2 network that can publish Ethereum transactions at a lower cost. Daniel Wang, chief executive of Taiko Labs, explains: "Taiko has just launched the mainnet, there are still a lot of things to work out before it stabilizes, and currently uses more blobs than other L2s. This is a design decision, but not a bug."