eth-usdOlumide Adesina•Saturday, February 15, 2025•2 min read Add an article to your Reading ListRegister now to be able to add articles to your rea
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Olumide Adesina•Saturday, February 15, 2025•2 min read
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Vitalik Buterin, Ethereum’s co-founder, highlighted the need for expanding Ethereum’s layer-1 (L1) capacity in a blog post published on February 14, even as the network progresses with layer-2 (L2) solutions.
Buterin argued for raising Ethereum’s gas limit, above its recent increase from 30 million to 36 million, citing L1 capacity’s significance for the network’s resistance to censorship, L2 compatibility, and critical security functions.
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High gas prices and network congestion have been issues for Ethereum, which has led to a move toward a rollup-centric roadmap and the use of L2 solutions. Although some congestion has been eased and transaction costs have decreased as a result of this strategy, the Ethereum mainnet’s fee revenue has recently fallen below $1 million for the first time since September.
Buterin addressed the function of Ethereum’s base layer as a backup in the event of L2 failures, cautioning that if a significant L2 system fails, the current capacity may not be enough to manage large withdrawals.
He calculated that in order to effectively handle large-scale exits, Ethereum would need to scale multiple times over—possibly up to nine times—in the absence of optimizations. Buterin also highlighted the difficulties in achieving interoperability between L2s, particularly with regard to low-volume assets and non-fungible tokens (NFTs), which frequently need to be routed via L1.
He calculated that in order to bring the costs of these transfers down to a manageable level, an increase in L1 capacity of 5x is required.
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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