Galaxy Research, a subsidiary of Galaxy Digital Holdings, engaged in discussions regarding the increase of Ethereum’s gas limit. Since January, developers have indicated the necessity of implementing this change to the main network. Vitalik Buterin, one of Ethereum’s co-founders, supports a 33% increase in the limit. However, Galaxy Digital aims to consider additional factors before proceeding with this adjustment.
Is Now the Right Time for Ethereum Gas Limit Increase?
According to Christine Kim from Galaxy Research, supporting arguments were presented at a recent Ethereum 
$3,276 developer conference. Marek Moraczyński from Nethermind provided data-driven research showing why the increase is justified and safe for the protocol.
Kim stated, “The block gas limit will not affect the blockchain.” Many studies emphasized that claims of overload with increases above 25% are unfounded.
On the other hand, Christine Kim suggested that “it is likely that this change will not provide any material benefit to Ethereum.”
Increasing Layer 1 Competition
In the past year, various Layer 1 blockchain networks announced plans to upgrade their chains. Vitalik Buterin shared his visions for scaling ETH over the next decade.
While Ethereum gains a majority in the sector by leveraging layer-2 scaling solutions, other chains are showcasing their strengths as well.
Recently, it was revealed that Cardano 
$0.944522‘s Hydra protocol reached a transaction volume of 1 million per second in test mode. If applied in the real world, this figure could make the protocol the fastest in the sector.
Other chains like Solana 
$187, SUI Network, and XRP Ledger also maintain their advantages in the growing competitive landscape.
In conclusion, while discussions on increasing Ethereum’s gas limit continue, Galaxy Research determined that current conditions are not suitable for this change.
