Ethereum’s Gas Limit Surge Signals Major Network Upgrade Amid Price Rally
Ethereum's foundational LAYER is on the brink of a transformative upgrade as its gas limit nears 45 million units, promising a substantial boost in transaction capacity. This development comes at a pivotal moment, with ETH's price testing the $4,000 threshold. Vitalik Buterin's recent update highlights strong stakeholder support, with nearly 50% backing the change and the limit already hitting 37.3 million. This article delves into the implications of this upgrade and its potential impact on Ethereum's future.
Ethereum Gas Limit Nears 45M as Network Prepares for Throughput Boost
Ethereum's foundational layer is undergoing a significant performance upgrade, with the network's gas limit approaching 45 million units. This adjustment could substantially increase transaction capacity as ETH price flirts with the $4,000 threshold.
Vitalik Buterin's July 20 update reveals nearly 50% stakeholder support for the change, with the limit already reaching 37.3 million. Gas—Ethereum's computational pricing mechanism—determines transaction costs and network resource allocation. The proposed 50% increase from pre-2025 levels WOULD mark Ethereum's most substantial throughput expansion since its transition to proof-of-stake.
Ethereum's Gas Limit Increase Sparks Debate Amid Technical Advancements
Ethereum's gas limit is climbing toward 45 million, with half of validators now supporting the increase. The adjustment, championed by Vitalik Buterin, aims to enhance network throughput but raises concerns about centralization and hardware demands.
Geth v1.16.0's node optimization slashes storage requirements from 20TB to 1.9TB, a technical leap forward. Yet smaller validators face exclusion risks as infrastructure demands outpace their resources.
The ETH price hovers NEAR $3,800 as the community weighs scalability against decentralization. "Almost exactly 50% of stakes are voting to increase the L1 gas limit," Buterin noted, framing the debate between performance and accessibility.
ENS Price Surges 50% Following Technical Breakout and Record Domain Registrations
Ethereum Name Service (ENS) has surged nearly 50% in a week, breaking through key resistance levels to trade at $28.58. The rally comes alongside record domain registrations, with 1.8 million total domains and 378,000 new registrations in July alone.
Technical indicators show overbought conditions, with the RSI hitting 79.54 following the breakout. The combination of strong fundamentals and technical momentum suggests sustained interest in ENS as adoption grows.
Ethereum Price Prediction: Will It Break Through $5,000?
Ethereum spot funds surged by $3.28 billion in July, underscoring mounting institutional demand as ETH price rallied 65% since June to approach $3,745. The $4,000 resistance level now looms as a critical threshold.
Regulatory developments could catalyze further gains, with potential SEC approval of staking ETFs possibly propelling ethereum beyond $5,000. Institutional players are increasingly treating ETH as a treasury asset, with notable accumulations by firms like BitMine and SharpLink.
July 18 saw ETH spot ETF inflows hit $402 million, temporarily eclipsing Bitcoin ETF flows. BlackRock's iShares Ethereum Trust leads with $9.17 billion in net assets. High-profile investments, including Peter Thiel's 9.1% stake in BitMine, signal growing confidence among sophisticated investors.
NFT Market Sees 22% Surge as Blue-Chip Collections Lead Rally
The NFT market roared back to life on July 21, 2025, with a 22% single-day surge in total market capitalization—jumping from $5.1 billion to $6.4 billion. Blue-chip collections like CryptoPunks and Pudgy Penguins spearheaded the rally, posting gains of 16% and 15%, respectively. Trading volumes spiked 344% to $42.7 million, the highest in six months.
Whale activity resurfaced as a key catalyst, with blockchain trackers identifying aggressive buying from new large wallets. Moonbirds and Lil Pudgys outperformed, notching 34% and 17% gains. The rally marks a stark reversal from months of stagnation, reigniting debates about NFT market cycles.
Grok Abstains from Crypto Rover's Ethereum Giveaway Amid Pump-and-Dump Allegations
X's Grok chatbot refused to select a winner for crypto Rover's $1,000 Ethereum giveaway, citing substantiated pump-and-dump allegations by on-chain investigator ZachXBT. The AI referenced wallet activity linked to Rover, which allegedly generated 40 ETH in profits from undisclosed token sales.
ZachXBT's investigation revealed Rover accepted $10,000 and a token allocation to promote a May 2023 project but never delivered content. Instead, the influencer threatened legal action when confronted about the undelivered promotion while simultaneously offloading tokens.
