The percentage of Ethereum validators signaling support for raising the network’s gas limit has increased to 10%. On Dec. 19, the number of validators signaling a gas limit greater than 30 million increased to 10% of the network, up from a little over 1% before December. Ethereum community members are advocating for raising the gas limit to 36 million, with core Ethereum developer Eric Connor and former head of smart contracts at MakerDAO, Mariano Conti, launching a website called “Pump The Gas” to convince the community to raise the Ethereum gas limit to 40 million.
The website argues that such an adjustment could lower layer-1 transaction fees by 15% to 33%. However, there are concerns that increasing gas limits too much could pose serious risks to stability and security, and could lead to a scenario where the chain becomes too large for solo node operators to validate and download.
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