Ethereum Gas Limit Boost Indicates Network Scalability and Cost Efficiency

The increase in Ethereum's block gas limit to 45 million units, representing a 25% rise from the previous 36 million, is a highly positive development. This change allows each block to handle more transactions or execute more complex operations. It directly enhances the network's scalability, a vital step for supporting the expansion of DeFi, NFTs, and other applications. With greater block capacity, transaction fees might decrease due to less competition for space, although overall demand still plays a role.