OKX Ventures: Ethereum's Gas Limit Increase Bullish for Network, Past 7 Days Showed Significant Inflow

On February 5th, OKX Ventures announced on social media that since the Ethereum merge in 2022, the network has for the first time increased its gas limit. This alteration will enable the Ethereum network to handle a greater number of transactions, reduce congestion, and assist in stabilizing transaction fees. This adjustment has enhanced Ethereum's capacity to process complex smart contracts and high-demand decentralized applications (dApps), improving the transaction speed and scalability of decentralized finance (DeFi) and other on-chain innovations. In the past 7 days, the Ethereum network has witnessed a net inflow of funds totaling $1.1 billion. In contrast, Base has only seen a net inflow of $104 million, and Solana has only seen a net inflow of $33 million. Moreover, the funds flowing from Solana to Ethereum are four times greater than the funds flowing in the opposite direction, indicating a shift in liquidity as capital flows into Ethereum increase. The recent net inflows into Ethereum spot ETFs have also been steadily increasing (today's net inflow is $307 million), suggesting a significant increase in investor interest in ETH ETFs.