Ethereum Gas Limit to Rise to 60 Million, Boosting Network Capacity

In essence, gas limits in Ethereum dictate how much computational effort is necessary for transactions to be processed. The higher the limit, the more transactions can be included in a single block. This directly impacts the speed at which transactions are processed and network capacity. Higher gas limits would allow Ethereum to process more data per block, potentially relieving congestion, reducing fees, and increasing overall network efficiency. With Layer 1 demand continuously growing from DeFi, NFTs, and on-chain games, this scalability boost is vital.