Ethereum’s gas limit has surpassed 37.3 million units with nearly half (47.2%) of network validators now supporting a proposal to raise it to 45 million. This collective stance aims to significantly boost blockchain throughput and reduce transaction fees as Ethereum experiences unprecedented usage growth.
The movement, known as the ‘pump the gas’ campaign launched in March 2024, advocates for dynamic gas limit adjustments to accommodate rising demand while maintaining network stability. Increasing the limit expands block capacity, enabling more transactions per block and lowering user costs, though it requires careful balancing to preserve Ethereum’s decentralization and operational health.
Network activity confirms the urgent need for scaling solutions, with daily transactions climbing from 1.1 million in April to 1.4 million this month. This surge is primarily driven by renewed interest in DeFi protocols, NFT marketplaces, and growing institutional adoption.
Significantly, the scaling momentum coincides with positive price action for Ethereum, which recently hit a seven-month high amid strong accumulation patterns and heightened demand from institutional investors. Market analysts view the simultaneous technical and fundamental advancements as reinforcing Ethereum’s position as the leading smart contract platform.