Ethereum core developers are considering a four times increase in the layer 1 gas limit as one of the key features for the next hard fork after Pectra, known as Fusaka.

The devs are proposing to test a raise in Ethereum’s gas limit to 150 million by the Fusaka hard fork, according to Ethereum Improvement Proposal (EIP) 9678, introduced on April 23 by Sophia Gold, a developer on the protocol support team at the Ethereum Foundation. 

During the last All Core Devs Execution (ACDE) meeting, there were discussions to make the gas limit increase a “key feature” of Fusaka, Ethereum core developer Tim Beiko said in an April 24 meeting summary. 

“To align on client defaults and keep this as a priority, we’ve drafted an EIP. It’s a bit unconventional, but not unprecedented (see EIP-7840). We plan to get it merged early next week and formally SFI it on the next ACDE,” Beiko said. 

“As we continue this work, we expect to identify changes that need to be made in-protocol to support a higher gas limit. This implies adding more EIPs to Fusaka, even though the fork scope is final.”

Source: Tim Beiko

The next Ethereum upgrade, Pectra, is scheduled to go live on the mainnet in May. Fusaka has been flagged as possibly going online in late 2025.

Gas limit increase a priority ahead of Fusaka

As part of the motivation for increasing the gas limit, the developers said there was great interest in scaling layer 1 execution and that it could likely be done by implementing any new features.

However, it requires guidance from execution layer developers because “we expect to find bugs in clients at higher gas limits than currently used on mainnet,” which will “require time from client developers both to test and to fix any bugs that arise, therefore it makes sense to include as an EIP in a hard fork to commit to this.”

The developers behind the EIP say client developers will need time to test and fix any bugs that arise while increasing the gas limit. Source: GitHub

“While the gas limit is ultimately set by validators, we agreed that having an EIP to coordinate client defaults would help keep this a priority and ensure all clients update their defaults by the time Fusaka goes live,” Beiko said.

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The average Ethereum gas limit was around 30 million after increasing in August 2021, according to data on Ycharts. 

Validators supported raising the network’s gas limit on Feb. 4, increasing the maximum amount of gas used for transactions in a single Ethereum block. It’s just under 36 million at the moment, Ycharts data shows. 

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Key takeaways:

Crypto market sentiment hit a two-month high with the Crypto Fear & Greed Index returning to “Greed” territory on April 23.

Despite Bitcoin’s price hold, the sentiment score is gradually declining, and analysts are expressing doubt over the rally’s sustainability.

The crypto market remains Bitcoin-heavy, with its dominance above 64%, strong ETF inflows and a low altcoin season score.

Bitcoin’s several-day surge above $90,000 pushed crypto market sentiment to its highest point in more than two months on April 23, but it’s gradually tapering off again as analysts air concerns about the sustainability of Bitcoin’s rally.

On April 23, the Crypto Fear & Greed Index clocked a score of 72 out of 100, putting it in the “Greed” zone as Bitcoin (BTC) returned above the $90,000 level. However, as of April 25, the score has fallen to 60 despite the relatively stable price.

Crypto sentiment at two-month high 

The last time the index hit this score was on Feb. 4, around the same time US President Donald Trump introduced tariffs and Bitcoin fell below $100,000. Bitcoin has since reclaimed the $90,000 price level for the first time since March 6. 

Bitcoin is trading at $93,130 at the time of publication. Source: CoinMarketCap

However, despite Bitcoin trading between $91,800 and $94,304 over the past two days, sentiment within the “Greed” territory has been gradually cooling off, with the index falling to April 24 and 60 on April 25.

The slight pullback follows warnings from several crypto analysts who remain cautious about the Bitcoin rally, including 10x Research’s head of research, Markus Thielen, who isn’t yet convinced of a rally.

“Given that our stablecoin minting indicator has yet to return to high-activity levels, we remain cautious about the sustainability of the current Bitcoin rally,” Thielen said on April 23.

Meanwhile, Bitfinex analysts said on April 24 that while Bitcoin’s relative strength against US equities “appears real,” it is yet to be confirmed as structural.

However, others are more bullish. MN Trading Capital founder Michaël van de Poppe said on April 24 that “buyers are likely going to step in, and then we’ll be continuing our path toward a new [all-time high].”

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CoinMarketCap’s altcoin season index indicates that the market is still heavily favoring Bitcoin over altcoins, with the altcoin season score sitting at a lowly 17 out of 100. It comes as Bitcoin Dominance is sitting at 64.39%, according to TradingView data.

Bitcoin sentiment has gained momentum since it touched the mid-$80,000 price range. On April 17, crypto analytics firm Santiment pointed out that the tone of Bitcoin-related social media posts has flipped to bullish.

Meanwhile, crypto analyst Trader T pointed out in an April 25 X post that US-based spot Bitcoin ETFs have, so far to April 24, seen their third-best week of inflows since launching in January 2024. Over the past four trading days, the spot Bitcoin ETFs have seen $2.6 billion in net inflows.

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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The capital city of Slovenia — Ljubljana — has been named the world’s most crypto-friendly city by migration advisory firm Multipolitan.

The city outranked runners-up Hong Kong and Switzerland’s economic powerhouse Züric, which scored the same in the Crypto-Friendly Cities Index, found in its 2025 Crypto Report.

The index featured 20 cities and ranked their crypto-friendliness based on their regulations, tax environment, lifestyle factors and digital and crypto infrastructure.

Multipolitan said its evaluation included weighing areas such as a city’s licensing frameworks, capital gains tax rates, GDP per capita, housing affordability and internet speeds.

“The presence of crypto ATMs and retail adoption rates were analysed to reflect each city’s embedded cryptocurrency culture,” it explained. “High concentrations of these assets earned the top scores.”

The city-state of Singapore and the United Arab Emirates’ capital of Abu Dhabi were respectively ranked fourth and fifth after the second-place tie. Both cities were already attractive to businesses due to offering low or no taxes, but they’ve also worked to attract crypto companies with industry-specific licensing and regulatory regimes.

Sydney, Australia’s most populous city, ranked in the middle of the pack in 10th spot, with the report noting it was home to the most crypto ATMs of the group. Source: Multipolitan

Madison, the capital city of the US state of Wisconsin, was the only city in the Americas to rank on the index, hitting the same 11th place score as Latvia’s capital of Riga, Qatar’s capital of Doha, and Saudi Arabia’s capital of Riyadh.

Slovenia’s crypto embrace

Slovenia also topped Multipolitan’s Crypto Wealth Concentration Index, combining crypto ownership rates and trading volumes, which reported that the average Slovenian crypto owner held around $240,500 worth of assets.

The figure outranked second-place Cyprus by over $65,000, with the average crypto-holding Cypriot hanging onto around $175,000. Hong Kong came in third with holdings averaging $97,500.

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The US ranked at the bottom of the 20-strong list, coming in 17th spot with average crypto holdings of around $23,300, just above Malaysia’s nearly $21,000 average holdings.

Slovenia, being part of the EU, regulates crypto under the bloc’s Markets in Crypto-Assets Regulation (MiCA), which the industry received as mostly positive.

The advocacy group Blockchain Alliance Europe is based in Ljubljana. The city also houses the blockchain real estate platform Blocksquare, which teamed up with Vera Capital on April 18 to tokenize $1 billion worth of US real estate.

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