Ethereum’s 100x Scaling Solution: EIP-7938 Proposal Aims to Save the Network from Obsolescence
Ethereum’s survival is at a critical juncture as researcher Dankrad Feist from the Ethereum Foundation warns of potential obsolescence within 5-10 years if scaling challenges aren’t addressed. The proposed EIP-7938 could be the network’s lifeline, aiming to increase Ethereum’s gas limit and boost capacity by 100x over four years. This bold plan targets Ethereum’s most pressing bottleneck—transaction throughput—through architectural redesigns that could redefine the blockchain’s future.
Ethereum’s Survival at Risk? Researcher Proposes 100x Scaling Plan
Ethereum faces existential challenges if it fails to scale rapidly, warns Dankrad Feist, a researcher at the Ethereum Foundation. The network risks obsolescence within 5-10 years without significant upgrades. Feist’s solution—EIP-7938—aims to increase Ethereum’s gas limit, potentially boosting capacity 100-fold over four years.
The proposal targets Ethereum’s critical bottleneck: transaction throughput. By rearchitecting block space allocation, the upgrade could accommodate exponential growth in decentralized applications and user activity. market observers note the timing coincides with intensifying competition from Layer 1 rivals and Ethereum Layer 2 solutions.
FIFA Expands Its NFT Strategy With Ethereum Integration
FIFA has made a decisive pivot in its blockchain strategy, abandoning Algorand to launch its own Ethereum-compatible blockchain. The move, announced on April 30th, signals a broader ambition to build a Web3 ecosystem that merges digital collectibles, gaming, and user autonomy.
Starting May 20, existing FIFA NFTs will migrate to the new chain—dubbed ’FIFA Blockchain’—marking a silent but significant break from its previous partner. The organization’s foray into Ethereum’s ecosystem underscores a strategic bet on interoperability and scalability for its digital assets.
The initiative aims to transcend static collectibles, envisioning a metaverse where fans engage with football through dynamic NFTs and decentralized applications. While technical details remain sparse, the shift reflects FIFA’s growing confidence in crypto’s role in sports entertainment.
Ethereum’s Pectra Upgrade Targets UX and L2 Costs with May 2025 Launch
Ethereum’s next major upgrade, Pectra, is scheduled for activation in early May 2025. The upgrade aims to enhance scalability, improve user experience, and streamline validator efficiency. According to Nansen, Pectra combines execution and consensus layer improvements, building on previous milestones like Shanghai and Dencun.
The upgrade doubles blob data capacity per block from three to six, with a maximum of nine, enabling Layer-2 rollups to post more transaction data at reduced costs. Simultaneously, the gas cost for traditional calldata will rise, encouraging developers to adopt blob usage for Ethereum’s long-term scalability.
Validator operations will also see simplification through EIP-7251, which increases the maximum stake per validator. These changes underscore Ethereum’s commitment to maintaining its competitive edge in the blockchain ecosystem.
Ethereum Supply Dwindles on Binance, Signaling Potential Price Rally
Ethereum reserves on Binance have plummeted to multi-week lows, with the exchange’s Supply Ratio for ETH hitting its weakest level in weeks. This metric tracks the proportion of circulating ETH held on trading platforms—a decline typically signals investors are shifting assets to private wallets or decentralized protocols.
The exodus from Binance, the world’s largest crypto exchange by volume, carries particular weight. When whales and retail traders alike withdraw ETH from such liquid markets, it often precedes reduced sell-side pressure. The market remembers how similar withdrawals preceded ETH’s 2021 bull run—though past performance never guarantees future results.
