Ethereum L1 Increases Gas Limit to Boost Transaction Throughput

According to PANews, Ethereum's Layer 1 (L1) network has recently undergone a dynamic adjustment to its block gas limit, increasing it from 30 million to 36 million. This change is expected to enhance the network's transaction throughput by 20% and potentially reduce transaction fees by 10% to 30%. The adjustment was not decided by a single entity but resulted from validators gradually adjusting parameters and reaching a consensus. Currently, 49.5% of validators have reported adopting the new 36 million gas limit.