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Ethereum's Glamsterdam Clears Key Rehearsal Before a 3x Capacity Jump
Ethereum's Glamsterdam upgrade finished its devnet-11 rehearsal, producing blocks under new rules that raise the block gas limit from 60 million to 200 million. Developers aim to deploy it on the Sepolia test network on October 6, pending official confirmation.
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What happened
Ethereum's Glamsterdam upgrade finished its devnet-11 rehearsal, producing blocks under new rules that raise the block gas limit from 60 million to 200 million. Developers aim to deploy it on the Sepolia test network on October 6, pending official confirmation.
Confirmed
Global impact / market context
Raising the block gas limit lets more transactions fit into each block, which could reduce fees and speed up activity on Ethereum. This may make the network cheaper and more attractive for users and developers, potentially boosting demand for ETH.
Analyst inference
Ethereum faces competition from faster and cheaper blockchains. Successfully scaling its capacity through Glamsterdam could strengthen its position as a leading platform for apps and finance. Investors may watch this upgrade as a sign of Ethereum's ability to handle growth.
Analyst inference
What to watch
- Watch for the October 6 deployment on the Sepolia test network, which is the next major step before any main network release. A successful test is crucial. Confirmed
- Proposal: After Sepolia, developers could set a date for the main network upgrade. Confirming this timeline would give investors clarity on when the capacity increase becomes active. Proposed
- If the upgrade proceeds smoothly, ETH's value might rise due to improved network efficiency and lower transaction costs. However, any delays could dampen investor confidence and weigh on price. Analyst inference
Affected assets
- ETH — Ethereum