Ethereum to raise gas limit to 37.3 million
Ethereum is increasing its base-layer gas limit to improve transaction throughput and network performance.
Co-founder Vitalik Buterin confirmed the gas limit now stands at 37.3 million, with nearly half of stakers supporting a raise to 45 million, reports Cryptopolitan.
This means each block can now carry more data, enabling more transactions and complex operations. However, there are growing concerns about the impact on decentralization, as higher gas limits demand more from node operators. Buterin pointed to the Geth 1.16.0 release on June 27 as a game-changer, reducing archive node storage needs from over 20 TB to just 1.9 TB. This update helps ensure that smaller validators can still participate fully in Ethereum’s ecosystem.
Core developers aim to balance scale and decentralization
The Geth v1.16.0 update includes PBSS (Partial Block State Snapshots), enabling efficient access to historical blockchain data. Ethereum developer Marius Van Der Wijden explained that this feature lets users query past balances and other blockchain states more efficiently. While the ability to generate proofs for historical states is still under development, this marks a big step for DApp developers and researchers. By shrinking storage requirements and improving client performance, Ethereum hopes to empower more independent operators. This initiative aims to strike a balance between scaling throughput and preserving decentralization—two historically competing goals. Ultimately, these enhancements pave the way for a more scalable and inclusive network.
Institutional whales fuel ETH rally toward $4,000
As Ethereum upgrades its infrastructure, institutional investors are buying in heavily, pushing prices toward $4,000. Analytics firm Lookonchain reported that two new wallets purchased 58,268 ETH—worth $212 million—from FalconX and Galaxy Digital. EmberCN tracked an additional $50 million ETH buy on Binance at $3,714 per coin. Corporate players like SharpLink have also jumped in, accumulating 157,140 ETH this month alone, valued at nearly $493 million. Meanwhile, ETH-focused spot ETFs posted $2.2 billion in inflows over five days, doubling the previous week’s figures. With demand rising and capacity expanding, Ethereum is regaining momentum as a top institutional and technological contender in crypto.
Recently we wrot ethat Ethereum (ETH), the second-largest cryptocurrency, has officially overtaken Johnson & Johnson in global asset rankings.
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