The devs argue that raising the gas limit to 40 million will cut Ethereum’s layer-1 transaction fees by around 15 to 33%.
Ethereum developers have launched a new initiative in a bid to raise the blockchain network’s long-static gas limit, arguing that the change can be used to help scale Ethereum.
On March 20, core Ethereum developer Eric Connor and former head of smart contracts at MakerDAO Mariano Conti unveiled a new website called ‘pump the gas’ to raise the Ethereum gas limit from 30 million to 40 million, which they say will reduce transaction fees on layer 1.
“This can result in a 15% to 33% reduction in layer-1 transaction fees,” said Connor in a March 19 post on X before adding, “We are calling on solo stakers, client teams, pools, and community members to help.”
