On November 25, $ETH , the Ethereum network completed a rather unremarkable but significant upgrade—the Block Gas limit jumped directly from 45 million to 60 million, a rise of 33%. Core researcher Toni confirmed on social media: "It has doubled in the past year and will continue to do so."
What does this mean? Simply put, it means that the "lanes" of the Ethereum mainnet have widened. Previously, when the network was congested, Gas fees would often soar to dozens of dollars. Now that the processing capacity has increased, theoretically, the congestion will ease, and transaction fees are expected to decrease.
From a market perspective, this upgrade has a significant impact:
The experience of on-chain applications will be better. DeFi protocols, NFT trading, and even inscriptions, these gas-consuming things, will run more smoothly, and the cost pressure will be reduced.
The fundamental value of Ethereum is being solidified. The expansion of capacity means it can support more transactions and applications, which is a positive in the long run.
Related sectors may benefit as well. Layer 2 solutions, decentralized storage, and middleware projects, which rely on the mainnet ecosystem, are likely to become active.
What should ordinary investors do? Here are a few suggestions:
Don't easily move your ETH base, short-term fluctuations are normal, but the long-term logic hasn't changed.
Pay attention to the Gas-sensitive sectors, especially the DeFi and NFT projects that have seen an increase in trading volume recently.
The Layer2 track is worth paying attention to, as the mainnet Gas has decreased, making their cost advantages more apparent.
To be honest, the ones who can truly seize opportunities are never those who chase highs and cut losses, but rather those who strategically position themselves and observe calmly. Will this upgrade trigger a new market trend? Time will provide the answer.
Do you think this wave of technological upgrades can drive the market?
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SelfRugger
· 11-30 10:00
The gas fees need to come down before we have a chance to buy the dip on those projects that were bankrupted by gas.
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APY追逐者
· 11-27 12:48
The reduction in gas fees is indeed refreshing, but when the market starts to move, we still have to look at the emotional trading; no matter how good the technology is, someone still has to catch a falling knife.
Don't get caught up in short-term fluctuations; during such upgrades, one should hold onto ETH, and it's worth looking for opportunities with all that Layer 2 stuff.
As long as gas fees can be lowered, fewer damn explosive transaction fees mean you can buy how many coins that were eaten up in DeFi?
Wait a minute, if gas drops, doesn't that mean miner fees drop too? Who's going to be the most uncomfortable in this situation?
This year has doubled, and next year it should continue; at this rate, Ethereum really has something going for it.
To be honest, those who positioned themselves in this thing must be laughing their heads off right now. Why didn't I all in on L2 earlier?
Stop boasting; before it really drops, those who needed to act have already acted, and us dumb buyers still need to wait.
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SocialAnxietyStaker
· 11-27 12:46
The gas fees have really been tormenting people for too long. Can this 33% increase provide some relief? It feels like another "favourable information but a cold market" scenario. However, in the long run, it does make sense to stock up on some ETH.
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GateUser-e19e9c10
· 11-27 12:43
Gas fees have been cut directly, but I still think we should wait and see if this is real or not.
Opportunities for overtaking on the curve are always taken by those who plan ahead, let's see how Layer2 handles this.
Has it doubled and still continues to rise? Toni's words sound a bit uncertain, we need to see the actual results.
The DeFi experience can indeed be better, but the ones who really make money are always those with information asymmetry, my friend.
As for the mainnet capacity, it will definitely be favourable information in the long run, but rushing in now might be a bit hasty.
On November 25, $ETH , the Ethereum network completed a rather unremarkable but significant upgrade—the Block Gas limit jumped directly from 45 million to 60 million, a rise of 33%. Core researcher Toni confirmed on social media: "It has doubled in the past year and will continue to do so."
What does this mean? Simply put, it means that the "lanes" of the Ethereum mainnet have widened. Previously, when the network was congested, Gas fees would often soar to dozens of dollars. Now that the processing capacity has increased, theoretically, the congestion will ease, and transaction fees are expected to decrease.
From a market perspective, this upgrade has a significant impact:
The experience of on-chain applications will be better. DeFi protocols, NFT trading, and even inscriptions, these gas-consuming things, will run more smoothly, and the cost pressure will be reduced.
The fundamental value of Ethereum is being solidified. The expansion of capacity means it can support more transactions and applications, which is a positive in the long run.
Related sectors may benefit as well. Layer 2 solutions, decentralized storage, and middleware projects, which rely on the mainnet ecosystem, are likely to become active.
What should ordinary investors do? Here are a few suggestions:
Don't easily move your ETH base, short-term fluctuations are normal, but the long-term logic hasn't changed.
Pay attention to the Gas-sensitive sectors, especially the DeFi and NFT projects that have seen an increase in trading volume recently.
The Layer2 track is worth paying attention to, as the mainnet Gas has decreased, making their cost advantages more apparent.
To be honest, the ones who can truly seize opportunities are never those who chase highs and cut losses, but rather those who strategically position themselves and observe calmly. Will this upgrade trigger a new market trend? Time will provide the answer.
Do you think this wave of technological upgrades can drive the market?