Ethereum core developers launch action to increase gas fee limit

On March 21st, it was reported that Ethereum developers launched a new initiative with the goal of improving the long-term static gas fee limit of the Ethereum blockchain network. The initiative, called "pump the gas," was launched by Ethereum core developer Eric Connor and former MakerDAO smart contract lead Mariano Conti. The aim is to increase Ethereum's gas fee limit from 30 million to 40 million, which they claim will lower transaction fees by up to 15-33%. Connor called on independent validators, client teams, mining pools, and community members to provide assistance in achieving this goal.