Ethereum’s gas limit increases as traders eye the 4,000 USD mark

Ethereum’s gas limit has been increased to 37.3 million as nearly half of stakers support a further increase to 45 million. This aims to enhance transaction processing capabilities.

With the price nearing 4,000 USD, two institutional wallets purchased 58,268 ETH for around 212 million USD, indicating rising interest from major investors and strong market dynamics.

SharpLink, now a leading corporate Ethereum holder, added 4,904 ETH for approximately 17.45 million USD, contributing to a total of 157,140 ETH acquired in July, reflecting corporate engagement in the Ethereum ecosystem.

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