In December, Ethereum will undergo a significant upgrade, and this time the impact is substantial. A look at historical data shows that Ethereum tends to perform well in the market following major upgrades, and this time it's even more intense — the Gas limit has skyrocketed from 15 million to 60 million. It's important to note that upgrades of this magnitude happen only once every four years.
The latest news I've received is that raising the Gas limit to 60 million is not just a minor adjustment, but rather a complete overhaul at the base level.
Why is this worth paying attention to?
First, let's talk about capacity. The number of transactions that a block can hold has tripled. In the past, when the network was congested, your transaction might have to wait in line for a long time. Now that there is more space, the processing efficiency has naturally improved.
Let's talk about speed again. Those who have used Ethereum before understand that the lag during peak times can be really frustrating. After the upgrade, the settlement speed has improved significantly, and the operating experience will be much smoother.
More importantly, this also paves the way for the upcoming Fusaka upgrade. According to the plan, Ethereum is moving towards high throughput, and the issues that have troubled users, such as high Gas fees and slow networks, may truly become a thing of the past.
The market reaction has actually already begun. The number of active addresses on the chain, NFT trading volume, and the circulation scale of stablecoins are all reaching new highs. In particular, institutional-level applications such as RWA and on-chain government bonds have an increasing demand for performance, which is pushing the network to accelerate its iterations. Once performance is released, the return of funds is basically a high-probability event.
Don't just focus on the "faster transactions" aspect. Layer 2 projects, DeFi protocols, NFT platforms, the entire ecosystem will benefit. Will the altcoin season be triggered because of this? Time will tell.
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FlashLoanPrince
· 21h ago
Are gas fees finally going to decrease? When will we stop giving all our money to miners?
Speaking of the upgrade that happens every four years, is this wave real or just hype?
Is it still a good time to buy ETH, brothers? It feels a bit late now.
A gas limit of 60 million sounds impressive, but the key is whether it can actually be implemented.
Three times the throughput... sounds good, but how much can it really be optimized?
Those layer 2 projects might be suppressed, haha.
The institutions that are financing are getting restless; the next round of bubbles is coming.
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SleepyArbCat
· 12-01 16:17
Gas fees directly face a 50% slump, and this afternoon nap time will be reduced again.
Once every four years? Wake up, history will repeat itself.
60 million cap... How great it must feel for institutional funds to run.
Here we go again? Every upgrade says this time is different, but the wallet is still so empty.
Are the Layer 2s in a panic? The ecological cake is going to be sliced anew.
How long can this wave of dividends last? Let's see who reacts quickly.
Triple capacity sounds impressive, but let's talk about it once gas fees really drop.
The RWA folks are sharpening their knives, waiting to play people for suckers in a new wave.
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MEVHunter_9000
· 11-30 23:51
Is the gas fee finally going to save us? Is this for real this time?
This Ethereum upgrade is a bit harsh, once every four years and it directly triples the capacity; it feels like it's going to get liquidated.
During peak times, I feel like smashing my phone; I won't hold my breath for smoothness after the upgrade.
Are the Layer 2 folks going to be out of a job again, haha?
Those RWA institutions with Large Investors must have been waiting for this moment; funds are probably going to flow back.
Alt season? Let's see how BTC behaves first, don't get too excited.
If this can really become history, then hell has frozen over; it's not too late to celebrate later.
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ETH_Maxi_Taxi
· 11-30 02:54
The upgrade that happens once every four years is here, and gas has quadrupled. This time, Ethereum is really about to go to the moon.
Wait, is Fusaka still coming? Doesn't that mean we have to wait longer?
To be honest, the gas fee issue is really annoying, but is it too early to call it a historical problem...
It sounds great that capacity has tripled, but it's hard to say how long it can actually alleviate the issue.
The on-chain data hitting a new high is real, and RWA indeed has something going for it.
But don’t expect one upgrade to solve all problems, everyone; Layer 2 is the real way out.
Ethereum is saving itself again, and whether it can reverse the decline depends on what happens next.
The high gas fees from back then should be a memory by now.
It sounds impressive, but whether it can actually be implemented is another matter.
As institutional-level applications come into play, the good days for retail investors might be near.
Will all ecosystems benefit? I think DeFi should be the first to taste the sweetness.
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SnapshotBot
· 11-29 04:47
Is the gas fee really going to drop? I feel like this is just another hype; let's wait until it actually happens.
However, three times the capacity is indeed impressive. If it can really solve congestion, then the nightmares of those peak periods will be over.
If RWA can get going, it would definitely be Favourable Information; it's the institutional funds coming in that truly support the market.
Layer 2 shouldn't be too happy either; diversion is their destiny.
After this upgrade, how much can the coin price rise? That's what everyone is really concerned about.
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NFTRegretter
· 11-29 04:47
The gas fees have dropped so much, why haven't I felt the savings yet?
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PanicSeller
· 11-29 04:47
The gas fees are really tormenting, but whether this wave of upgrades can truly solve the issues remains to be seen.
Although ETH is bullish, I still have more faith in layer 2, as the ecological maturity is there.
Here it comes again, every upgrade claims to open a new cycle, but what’s the result?
The 60 million cap sounds harsh, but let’s see how it actually lands.
Institutional entry is a good thing, but retail investors still need to be cautious and not get played for suckers.
If this upgrade really can bring down gas fees, then I will believe in Ethereum's promise.
To put it simply, it still depends on whether it can attract real applications; it’s not enough for the data to just look good.
NFT trading volume is at a new high, but most of it is still playing suckers, it’s not that simple.
Let’s wait for Fusaka to come out before boasting; it’s too early to draw conclusions now.
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FastLeaver
· 11-29 04:39
Wow, Gas has directly quadrupled? Is Ethereum really going to da moon now... but we have to see if it will plummet again.
I'm optimistic about this ETH upgrade, but the key still depends on when institutional funds enter the market.
Think about this, a threefold increase in volume means what have you considered? Isn't this just rolling out the red carpet for Large Investors?
Sixty million Gas limit... sounds amazing, but how's the actual experience? That's still up for debate.
The previous lag was indeed annoying, if it really becomes smooth, I need to increase the position.
They talk about alt season... I just want to know when I can buy the dip cheaply.
I feel like this time it's not just a false alarm, ecosystem projects are all getting restless.
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LostBetweenChains
· 11-29 04:23
The gas fees have been a bottleneck for so many years, can this really resolve the issue? No matter how well it sounds, I still have to wait and see.
An upgrade once every four years feels like Ethereum is holding back a big move.
Why is it only now that they are taking real action? Layer 2 is about to take away the Mainnet's livelihood.
Wait a minute, can this really lower the fees? I hope it's not just a false alarm again.
Transaction volume tripling? My Wallet is skeptical, will the peak rise again?
They speak with such conviction, I just want to know when I can feel it, anyone can talk without substance.
In December, Ethereum will undergo a significant upgrade, and this time the impact is substantial. A look at historical data shows that Ethereum tends to perform well in the market following major upgrades, and this time it's even more intense — the Gas limit has skyrocketed from 15 million to 60 million. It's important to note that upgrades of this magnitude happen only once every four years.
The latest news I've received is that raising the Gas limit to 60 million is not just a minor adjustment, but rather a complete overhaul at the base level.
Why is this worth paying attention to?
First, let's talk about capacity. The number of transactions that a block can hold has tripled. In the past, when the network was congested, your transaction might have to wait in line for a long time. Now that there is more space, the processing efficiency has naturally improved.
Let's talk about speed again. Those who have used Ethereum before understand that the lag during peak times can be really frustrating. After the upgrade, the settlement speed has improved significantly, and the operating experience will be much smoother.
More importantly, this also paves the way for the upcoming Fusaka upgrade. According to the plan, Ethereum is moving towards high throughput, and the issues that have troubled users, such as high Gas fees and slow networks, may truly become a thing of the past.
The market reaction has actually already begun. The number of active addresses on the chain, NFT trading volume, and the circulation scale of stablecoins are all reaching new highs. In particular, institutional-level applications such as RWA and on-chain government bonds have an increasing demand for performance, which is pushing the network to accelerate its iterations. Once performance is released, the return of funds is basically a high-probability event.
Don't just focus on the "faster transactions" aspect. Layer 2 projects, DeFi protocols, NFT platforms, the entire ecosystem will benefit. Will the altcoin season be triggered because of this? Time will tell.