Ethereum developers have launched a new initiative to increase the blockchain network’s long-standing static gas limits, a change they believe could be used to help scale Ethereum, Cointelegraph reports.
On March 20, Ethereum core developer Eric Connor and MakerDAO’s former smart contract leader Mariano Conti announced a new website called Pump The Gas, which aims to increase the Ethereum Gas limit.
“This could result in a 15% to 33% reduction in Tier 1 transaction fees,” Connor said in a March 19 article on , mining pools, and community members to help.”
The#pumpthegashashtag has started to gain support from Ethereum users, stakers, and decentralized finance (DeFi) investors on X. Conti also observed that Rocket Pool validators proposed a block on March 20 with a gas limit of 40 million.Over the past few months, there have been growing calls to increase Ethereum’s gas limit.
In January, Ethereum co-founder Vitalik Buterin suggested increasing the gas limit to 40 million, up from 30 million since August 2021.Base contributor Jesse Pollack responded that he "strongly supports" increasing the Ethereum gas limit to 40 million or 45 million.
"We have cyberspace, which is beneficial to all parties," he added.The Ethereum gas limit refers to the maximum amount of gas spent executing a transaction or smart contract in each block.
The website explains that each operation has a predefined gas cost, and a contract cannot exceed its gas limit during execution. This prevents malicious contracts from overloading the network by looping endlessly or excessively consuming resources.
“Increasing the Gas block limit by 33% enables Layer 1 Ethereum to handle 33% more transaction load in a day,” it states. It also noted that data blobs with Ethereum Improvement Proposal 4844, introduced in the Dencun upgrade, significantly helped reduce layer 2 transaction fees, but not layer 1 fees. “The combination of blob and gas limits helps scale Layer 1 and Layer 2 Ethereum,” it added.
