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The post Ethereum Boosts Gas Limit for the First Time Since PoS Transition appeared first on Coinpedia Fintech News Ethereum has increased its gas limit beyond 30 million for the first time since transitioning to proof-of-stake. This move, backed by over 50% of validators, improves the network’s transaction capacity without requiring a hard fork. The gas limit, which determines how many transactions can be processed per block, now sits at an average of 31.5 million gas units and is expected to increase further to 36 million. In the meanwhile, ETH has faced extreme volatility, dropping 17.8% in a day, but rebounded after Trump paused tariffs. Ethereum’s First Gas Adjustment Under PoS This is the first time Ethereum has done something big with adjusting the gas limit since 2021 when it doubled from 15 million to 30 million under proof-of-work. Now, under proof-of-stake, validators can make incremental adjustments without needing a major network upgrade. With validators signaling their support, the limit increased automatically, demonstrating Ethereum’s ability to scale dynamically. Alongside the recent Dencun upgrade and proto-dank sharding, this gas limit increase further enhances Ethereum’s ability to handle growing demand. These developments could significantly boost the network’s efficiency, making transactions faster and more cost-effective for users. Vitalik Buterin’s Take on the Upgrade Ethereum co-founder Vitalik Buterin acknowledged the upgrade, noting that it contributes to layer-1 scalability. He praised ongoing efforts to improve network efficiency, mentioning upgrades like EIP-4444, statelessness, and client optimizations. L1 is scaling. A big shoutout to all the developers working on EIP-4444 (history expiry), statelessness (see the new binary tree EIP! https://t.co/ajKpF66BKw ), client efficiency upgrades, and other features that will make higher L1 gas limits decentralization-friendly. https://t.co/DNsHPAhiia — vitalik.eth (@VitalikButerin) February 4, 2025 Buterin also highlighted the upcoming Pectra upgrade in March, which aims to double the capacity of layer-2 solutions by increasing the blob target from 3 to 6. He suggested allowing staker-voted adjustments so that gas limits can scale alongside technological advancements. Split Opinions on Raising Gas Limit Ethereum developers are divided on whether to increase the mainnet gas limit by up to 100%. Supporters believe it would enhance layer-1 (L1) capacity and drive innovation, while opponents, including Ethereum Foundation’s Toni Wahrstätter, warn it could destabilize the network. Some developers suggest a cautious 20% increase to 36 million gas as an initial step, while others advocate for pushing beyond 40 million despite technical constraints. While this is a welcoming move, there is a concern that focusing too much on layer-2 (L2) scaling can halt the growth of L1 in the long run.
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3BAY, XRP & SOL: A Comparison of Cross-Chain Innovations
Market Trends for XRP, Solana’s Recovery, & Web3Bay’s $1M Presale Among Hot Crypto Topics Cross-chain functionality and strategic flexibility are revolutionizing decentralized networks, with Web3Bay , XRP, and Solana each tackling distinct challenges and seizing new opportunities. Web3Bay enhances interoperability, connecting networks like Ethereum and BNB Chain to foster a cohesive e-commerce environment where users can effortlessly execute transactions across different blockchains. XRP capitalizes on institutional alliances and regulatory challenges to boost its cross-border payment capabilities. In contrast, Solana’s recent price drop underlines its technological advancements, with critical resistance levels suggesting a possible market recovery. Web3Bay’s approach to cross-chain integration stands out by offering unparalleled inclusivity, linking diverse networks to streamline transactions, and enhancing collaboration within the blockchain space. Web3Bay’s Blueprint for Interoperable Commerce Web3Bay is crafting the future of decentralized trade by focusing on interoperability and cross-chain functionality. By connecting with major blockchain ecosystems such as Ethereum and BNB Chain, Web3Bay facilitates transactions involving assets from various chains, enhancing liquidity, expanding user choices, and establishing a unified marketplace where individuals from different blockchain communities can easily engage. Additionally, Web3Bay addresses the significant issue of asset and user base fragmentation in the Web3 space. For example, a purchaser with Ethereum-based assets can conveniently deal with a seller using BNB Chain tokens. This adaptability not only improves user experience but also promotes broader inclusivity, nurturing a dynamic Web3 commerce environment. The effectiveness of Web3Bay’s strategy is evident in its successful presale outcomes. Notably, Stage 4 of the presale has garnered over $1 million, with 280 million tokens distributed at a current rate of $0.004562625. The anticipation of a high return on investment at launch, estimated at 6,430%, highlights investor confidence in Web3Bay’s potential to revolutionize e-commerce through its cross-chain approach. As the importance of interoperability grows, Web3Bay’s dedication to a seamlessly interconnected ecosystem positions it as a leader in the evolving shift, enabling users with exceptional flexibility and opportunities in the digital marketplace. XRP’s Recent Performance XRP, Ripple’s native cryptocurrency, recently reached a price of $3.14, showing a modest rise of 1% for the day but a drop of 6.93% over the last week, highlighting the ongoing market fluctuations. The trajectory of XRP is shaped by various elements, including Ripple’s ongoing legal issues with the U.S. Securities and Exchange Commission (SEC) about claims of selling unregistered securities. A positive resolution could lift investor confidence and increase XRP’s value. Market sentiment is also crucial and is swayed by wider cryptocurrency movements and regulatory updates. There has been a boost in optimism with talks of Paul Atkins, known for his positive stance on crypto, possibly heading the SEC. Ripple’s expanding partnerships with financial entities also boost XRP’s role in international payments, promoting its usage. Furthermore, the introduction of cryptocurrency ETFs focusing on XRP might attract significant institutional investments. Solana’s Recent Price Drop This past weekend, Solana (SOL) saw its value decrease by about 13%. This drop came after a significant five-wave surge that peaked at $294.50 on January 19. Solana is now in an ABC correction phase, with Wave C nearing the 0.618 Fibonacci retracement level, a crucial support point at $216.90. Technical analysis shows promising signs, with the Relative Strength Index (RSI) nearing oversold territory, indicating a possible upcoming reversal. Additionally, a bullish divergence on the 1-hour chart RSI points to a potential uptick soon. Important resistance levels to watch are $221.77 and $246.54, which align with the 0.5 and 0.382 Fibonacci retracement levels, respectively. Final Say Web3Bay, XRP, and Solana each offer unique solutions to the challenges within the decentralized digital economy. Web3Bay’s emphasis on cross-chain compatibility distinguishes it by promoting inclusivity and facilitating smooth transactions across different blockchain networks, aiming for a more unified e-commerce environment. XRP enhances its presence in international payments, supported by institutional backing and regulatory progress. Meanwhile, Solana shows potential for a market rebound, which could reaffirm confidence in its capabilities. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . coinpedia
After the Storm—Is This the Perfect Moment to Reevaluate Solana & XRP for Q1 Gains?
In the wake of recent market disruptions, there might be an opportunity to take another look at Solana and XRP investments. Although these cryptocurrencies have experienced challenges, they are now beginning to show signs of recovery. For investors searching for assets with growth potential in the upcoming quarter, these digital currencies could be worth considering. Could they provide promising opportunities for expansion? Market analysts are keeping a close eye on their progress, observing favorable trends in their performance. According to NOW Wallet, transaction volumes for SOL and XRP have increased, indicating a rise in investor interest. Solana Eyes $265 Resistance as Bulls Gain Momentum Solana is exhibiting bullish momentum, with its relative strength index surpassing 60 and a positive MACD reading. Despite an almost 8% decline last week, the cryptocurrency has risen nearly 50% in the past six months. Currently priced between $182 and $234, it is nearing the $265 resistance mark. Should this upward trajectory persist, Solana could reach the next resistance at $318, marking a 30% increase from its current value. Transaction volumes have notably risen, according to NOW Wallet, a comprehensive app for securely managing cryptocurrencies like Solana with no custody or hidden fees. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet XRP Aims for $3.50 Resistance as Bullish Momentum Builds XRP`s current price range is between $2.29 and $3.04. Despite a 14% decrease over the last week, it has seen an over 8% increase in the past month and has surged almost 338% over six months. Momentum indicators suggest a neutral market with a leaning towards bullishness. If the price surpasses the $3.50 resistance, it could climb to $4.25, a more than 40% increase from its present levels. Notably, NOW Wallet reports a rise in XRP transaction volumes. The app allows for secure storage, swapping, staking, and management of cryptocurrencies without requiring custody. XRP can be stored on NOW Wallet without registration and without hidden fees. >>> Manage and Diversify Your Crypto Portfolio Seamlessly with NOW Wallet Conclusion Solana and XRP offer distinct opportunities for investors and traders aiming for potential gains in the next quarter. Solana is known for its rapid transaction speeds and expanding ecosystem of decentralized applications. XRP, on the other hand, focuses on efficient cross-border payments with strong connections to financial institutions. For those interested in investing in these cryptocurrencies, NOW Wallet provides an ideal platform. It guarantees privacy and security without needing registration or holding user funds. Managing cryptocurrencies is easy with NOW Wallet, allowing users to perform fiat-to-crypto operations effortlessly. The app supports the storage and instant exchange of thousands of tokens across major blockchains. Its built-in cross-chain swapping features further enhance the user experience. coinpedia
