Ethereum has increased its gas limit for the first time in nearly three years, following a 52% vote in favor by validators. The gas limit was previously raised from 15 million to 30 million during a hard fork in August 2022. This increase allows for more operations per block, potentially reducing transaction costs. However, the move has been controversial, with some community members warning that limits over 40 million could disrupt network performance. Ethereum is also preparing for another hard fork, Pectra, in March 2025, expected to enhance capacity further. The announcement comes amid significant price volatility for Ethereum, which experienced a major drop recently, attributed to the impact of economic developments, including Donald Trump's tariff proposals. Despite the turbulence, support for Ethereum continues from notable figures, including Eric Trump, who expressed optimism about the cryptocurrency.

Source 🔗