Ethereum Block Gas Limit Increase
Vitalik Buterin suggested a moderate increase from 30 million to 40 million gas per block.
Quick Take
- Increasing Ethereum’s block gas limit.
- Morpho Blue goes live on Ethereum mainnet.
- EigenLayer supports three new LSTs.
- The SEC approves eleven spot Bitcoin ETFs.
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Ethereum Block Gas Limit Increase
Several Ethereum community members, including Vitalik Buterin, are in agreement of increasing the Ethereum block gas limit, which would permit more data to be included in each block. Buterin suggested a moderate increase to 40 million gas, marking a 33.33% rise from the current limit of 30 million gas per block. Martin Köppelmann, co-founder of Gnosis, initiated the discussion and acknowledged that increasing the gas limit will also increase the requirements for operating a node. However, he believes that the benefits outweigh these cons. The change also does not require a hardfork; instead, validators can implement the change by adjusting the gas limit in their node configurations.
Morpho Blue Goes Live On Mainnet
Morpho Blue, a new lending protocol with isolated markets, is now live on Ethereum Mainnet. The release includes support for two wstETH markets, along with 1.4 million MORPHO tokens and 132 wstETH in incentives for lenders. Isolates markets enable higher collateralization factors and improved interest rates. Designed as a foundational protocol, Morpho Blue enables additional layers to be built on top of it. It also aims to operate with minimal governance. Currently, Morpho Blue can be accessed via a user interface built by the Morpho Association, and will integrated across various defi front ends in the coming months.
EigenLayer Supports New LSTs
EigenLayer, the leading restaking protocol on Ethereum, announced support for three additional LSTs, including Frax’s sfrxETH, Mantle’s mETH, and the Liquid Collective's LsETH. Deposits for the new LSTs will start on Monday, January 29th. EigenLayer is also increasing its LST deposit limit to 200,000 ETH for each LST. This increased cap, however, will only be available during a specific deposit window, starting on January 29th at 12 PM PT and ending on February 2nd. wstETH is the only LST that has already reached the 200k ETH deposit limit., EigenLayer is also accepting proposals for incorporating new LSTs into the protocol.
SEC Approves Eleven Spot Bitcoin ETFs
The U.S. SEC has given the green light to eleven spot Bitcoin Exchange-Traded Funds (ETFs) from major firms including BlackRock, Fidelity, Grayscale, and VanEck. CBOE announced the commencement of trading for its spot Bitcoin ETFs will start Thursday, January 11th. The unprecedented approval triggered a rally in Bitcoin's price, reaching $47,598. Ethereum also experienced a rally, crossing the $2,600, a price last seen in May 2022.
Other News
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- Polygon introduces Libre
- Besu bug post-mortem
- Starknet V3 goes live on mainnet
- Liquid Collective vulnerability disclosure
- Euler exploit recovery backstory
- BGD Labs correlated-assets price oracles
- Status of Arbitrum proposals
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