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Ethereum Researcher Proposes Increasing Gas Limit by 100x to Improve Mainnet Scalability

3 hours ago

On April 28th, according to The Block report, Ethereum researcher Dankrad Feist proposed in the Ethereum Improvement Proposal (EIP-9698) released on Sunday to gradually multiply the Ethereum gas limit by 100. As per the proposal, Ethereum clients will vote to raise the gas limit in accordance with an exponential growth plan. The proposal presents a "deterministic gas limit increase schedule" where it will increase by a factor of ten every two years (164,250 blocks), and the plan is scheduled to commence in June 2025. If the proposal is implemented as suggested by Feist, the gas limit will experience a 100x increase over the next four years, going from the current 36 million to 3.6 billion, which will notably enhance the performance of the Ethereum main network. Feist is aware of potential challenges such as the pressure on less optimized nodes and the increased block propagation times. However, he believes that the gradual increase will provide node operators and developers with sufficient time to adapt and optimize. Fabrice Cheng, an Ethereum ecosystem developer, stated that this change theoretically would raise Ethereum's transaction processing speed to 2,000 transactions per second.

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A certain whale engaged in a short squeeze before initiating a long position loop, borrowing 5 million USDC from Aave and adding 2762 ETH to their position.

April 28th. Based on @ai_9684xtpa's monitoring, on April 25th, a flash crash whale that shorted 4000 ETH by borrowing incurred a loss of $30,000. Then, it bought 7289 ETH, deposited them into Aave, and borrowed 5 million USDC. In the past 10 minutes, the whale bought an additional 2762 ETH at an average price of $1811.66.

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FLock.io will introduce the gmFLOCK staking mechanism to optimize the tokenomics model

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A whale went short and then long, buying 7289 ETH at full leverage.