$ETH Ethereum officially raises the gas limit to 60 million, paving the way for Layer 1 expansion.

Recently, the gas limit of the Ethereum network has been adjusted from 45 million to 60 million. This adjustment was made automatically after receiving consensus from over 50% of validators without the need for a hard fork.

🔸 This move is driven by a combination of three technical innovations: EIP7623 to control the safe block size, optimized clients for handling high loads, and successful propagation testing.

🔸 Developers are actively pushing for Layer 1 expansion; however, future challenges related to state bloat and optimizing complex cryptographic operations still need to be addressed.

Will increasing the block capacity directly on Layer 1 help Ethereum reduce gas fees and compete better with high-performance blockchains in the short term?