28% Of Validators Signal Gas Limit Increase

• 28.8% of validators signal a gas limit increase.

• Pyth introduces Pyth Lazer.

• Web3.js is sunsetting in March.

• Methods for optimal blockchain resource allocation.

28% Of Validators Signal Gas Limit Increase

Listen to this episode from Ethereum News on Spotify. Over 28% of validators now signal a gas limit increase. Pyth introduces Pyth Lazer. Web3.js is sunsetting in March 2025. And Ethereum researchers outline methods for optimal resource allocation. Read more: https://ethdaily.io/626

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According to data shared by Ethereum researcher Toni Wahrstätter, over 28% of validators now signal a block gas limit greater than 30 million. Raising the block gas limit allows each block to contain more data, which improves transaction throughput. An increase of 10 million gas could reduce Layer 1 transaction fees by an estimated 15-33%. The adjustment does not require a hard fork; validators can simply raise the gas limit when proposing blocks by modifying their node configurations. When more than 50% signal for an increase, the block gas limit will automatically increase to the next agreed-upon level, which is currently targeted to be 36 million gas. Validator operators can learn more by visiting pumpthegas.org.

Pyth Network unveiled Pyth Lazer, an advanced ultra-low-latency oracle solution tailored for high-frequency trading, derivatives, and perpetual futures protocols. Pyth Lazer delivers 1-millisecond price updates, supports up to 20 price feeds per transaction, and operates with just 15,000 compute units for 100-byte proofs. It provides real-time insights into market depth, bid-ask spreads, and features customizable frequencies. Pyth Network powers DeFi applications with reliable offchain price feeds sourced from exchanges and market makers. Pyth Lazer is 400 times faster than the legacy Pyth Core oracle, setting a new benchmark for speed-sensitive DeFi protocols. Initial adopters of Pyth Lazer include Orderly Network, Drift Protocol, and Ethereal.

Web3.js, a TypeScript interface for Ethereum, will archive its libraries on March 4, 2025, as ChainSafe is transitioning away from maintaining the library. With the growth of alternative frameworks like Viem and Ethers.js, ChainSafe will shift its focus to new projects while offering support to developers migrating from Web3.js. As a framework, Web3.js enabled developers to build applications by providing tools for interacting with Ethereum smart contracts, accounts, and nodes. The transition will follow a structured migration plan, including comprehensive documentation, security updates, support via GitHub and Discord, and migration guides for Ethers.js and Viem. The process will conclude with transferring NPM access rights to the Ethereum Foundation.

Ethereum researcher Barnabé Monnot published an article examining alternative methods for metering and pricing resources such as computation storage, and data handling, focusing on the trade-offs between transaction-level and block-level metering and the role of mediated pricing. The post argues that block-level metering and mediated pricing can lead to better resource allocation and scalability.

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