Ethereum is scaling: TPS, gas limit up as validators back 45M target

Key Points

1. Ethereum's gas limit rose to over 37.3 million units, up from 30 million in February.

2. 47.2% of staked validators support increasing the gas limit to 45 million.

3. A higher gas limit could increase transaction throughput on Ethereum's layer-1 network.

4. Validators can adjust the gas limit by about 0.1% per block when signaling support for changes.

5. The 'pump the gas' campaign in March 2024 aimed to raise the gas limit from 30 million to 40 million to reduce layer-1 transaction fees.