Altcoins News
By Maheen Hernandez
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Ethereum is showing strong signs of growth as it moves toward greater scalability and efficiency. On Sunday, the network’s gas limit surpassed 37.
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This marks the first major increase in Ethereum's gas limit since February 2024, when it was raised from 30 million to 36 million units.
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Ethereum’s transaction throughput is already showing signs of improvement. According to Chainspect, Ethereum processed close to 18 transactions per second (TPS) over the weekend.
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This momentum comes as part of a broader grassroots effort called “Pump the Gas,” started in March 2024.
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Vitalik Buterin, Ethereum’s co-founder, highlighted on Sunday that nearly 50% of all staked ETH is now signaling support for this upgrade. Specifically, 47.
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Buterin also noted that recent updates to Geth—Ethereum’s most widely used node software—have made scaling safer and more efficient.
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Gas, in Ethereum terms, refers to the fee users pay to execute transactions or smart contracts on the blockchain.
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Meanwhile, Ethereum network activity continues to rise. Daily transactions have increased significantly—from around 1.1 million in April to approximately 1.
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The combined growth in validator support, technical improvements, and rising usage suggests Ethereum is well on its way to better scalability.
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In the long run, the success of this scaling effort could further strengthen Ethereum’s position as the leading smart contract platform in the blockchain ecosystem.
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