Ethereum block gas limit increased to 60M, network capacity reaches a four-year high.

According to Deep Tide TechFlow news on November 27, Cointelegraph reported that the Ethereum network recently underwent a significant technical upgrade, successfully raising the gas limit of its Mainnet block to 60M, reaching the highest level in four years. Data shows that over 513,000 validators support this increase, causing the network to automatically begin expanding its Block Size, significantly improving the throughput of the underlying layer.

The recent increase in gas limits is the result of the “Pump The Gas” initiative launched by Ethereum developers Eric Connor and Mariano Conti in March 2024, aimed at reducing transaction fees on the first layer blockchain and improving network scalability.

Ethereum co-founder Vitalik Buterin stated that this is just the beginning of network scalability, and in the coming year, the network capacity will continue to be optimized in a smarter way.