Ethereum Gas Limit Reaches 60M for First Time in Four Years

Ethereum has achieved a significant milestone, increasing its gas limit to 60 million units per block – marking the highest threshold since 2019. This historic change stems from the ‘Pump The Gas’ initiative, with over 513,000 validators contributing to this crucial adjustment. Analysts attribute this rise to expanding DeFi applications and growing institutional investment in Ethereum. 60M gas limit is a result of collective effort and community consensus. 513,000 validators actively participated in the process, signaling their support for higher block capacity. This new threshold represents a key step in scaling the network while driving efficiency improvements. Vitalik Buterin, creator of Ethereum, has proposed prioritizing efficient operations to reduce costs and improve stability. The Fusaka upgrade will be implemented on December 3rd, incorporating this new gas limit into Ethereum’s core protocol. This change, combined with data blobs and layer-2 solutions, paves the way for a more robust and scalable network, potentially benefiting the broader DeFi ecosystem.