Ethereum Gas Limit Increases: Enabling Higher Transaction Volumes

On November 25, Ethereum saw a significant upgrade – its gas limit increased from 45 million to 60 million. This change is expected to boost the scalability of the network and facilitate more efficient transaction processing. The new capacity was implemented automatically after receiving over 50% approval from validators, eliminating the need for a hard fork. Ethereum’s gas limit defines how much computational work can be included in a block, directly impacting the volume of transactions processed per unit time. This increase translates to greater network efficiency and opens doors for more efficient Layer 1 (L1) scaling solutions. Developers now have the opportunity to deploy applications with improved performance and higher throughput on the main Ethereum network. This change is expected to ease congestion while allowing developers to explore innovative scaling strategies, as the network continues its journey towards a more scalable future.