Ethereum Block Gas Limit Increases to 60 Million

Ethereum’s block gas limit has risen to 60 million after a year-long community effort led by researcher Toni Wahrstätter, implemented on November 25 with validator support.

This increase doubles transaction capacity, potentially lowering fees while enhancing Ethereum’s scalability and setting the stage for future adjustments to accommodate growing demand.

Ethereum Block Gas Limit Jumps to 60 Million

Ethereum increased its block gas limit from 45 million to 60 million, an effort originating last year to expand base layer processing capabilities. The announcement was made by Ethereum Foundation researcher Toni Wahrstätter, highlighting community involvement. Validators’ consensus permitted this automatic adjustment per Ethereum’s rules.

This increase impacts Ethereum’s transaction capacity, allowing more transactions per block and potentially lowering gas fees during peak periods. The change aims to enhance Ethereum’s Layer 1 throughput to better support growing DeFi, NFT, and Web3 adoption.

“Just a year after the community began pushing for an increase in the gas limit, Ethereum is now operating under a block gas limit of 60 million. This means a 2x increase achieved in one year— and this is just the beginning.” – Toni Wahrstätter, Researcher, Ethereum Foundation

Ethereum’s Growing Capabilities and Market Outlook

Did you know? Ethereum’s gas limit has doubled over the past year, marking significant progress after a similar stagnant rate from 30 million four years ago, reflecting growing transaction demand and technical advances.

Ethereum (ETH) currently trades at $3,029.04, holding a market capitalization of $365.59 billion, as per CoinMarketCap. There is a 4.05% 24-hour price increase, with a notable 26.40% decrease over the past 30 days. The cryptocurrency’s 24-hour trading volume is $21.85 billion, reflecting a 69.19% change.

Coincu research anticipates further Ethereum developments leading to enhanced scalability, possibly centering around decentralized solutions to manage increased resource demands.