Ethereum's Glamsterdam upgrade lifts the gas limit to ~200 million, aiming to boost scalability

CoinDesk reports: ## Market overview Investors are weighing the implications of Ethereum's upcoming Glamsterdam upgrade after developers agreed to a sharp increase in the network's gas limit. Pricing in the market points to expectations that stronger scalability and utility could support a higher ETH valuation. ## Key points - Ethereum's higher gas limit is being read as a step toward improved scalability and greater on-chain utility. - Market pricing suggests participants see the upgrade as potentially supportive for Ethereum's price. - May ETH forecasts broadly match a scenario where network upgrades translate into rising demand. ## What's changing Ethereum is preparing a significant protocol upgrade dubbed Glamsterdam that would raise the gas limit from 60 million to about 200 million. The change is expected to more than triple Layer 1 execution capacity, materially increasing throughput. More than 100 core developers backed the proposal at the Soldøgn Interop conference. The stated target is to move toward processing speeds of 10,000 transactions per second. Ethereum community member Hasufl said gas fees are likely to stay low unless demand accelerates in tandem with the added capacity. The upgrade fits into Ethereum's broader roadmap focused on performance optimization and lower transaction costs. ## Market analysis Price action following the Glamsterdam announcement has been consistent with a more constructive outlook for ETH. Expectations for better utility and reduced fees are seen as potential demand catalysts, reinforcing May projections that lean bullish. The upgrade's market impact is being characterized as moderate, suggesting sentiment is improving but not yet euphoric. ## What to watch Key signposts include real-world network performance after the upgrade and whether low transaction fees persist. Comments from major figures such as Vitalik Buterin and any developments tied to Ethereum-related ETFs could also sway sentiment. Traders are watching for broader crypto-market shifts that may shape Ethereum's near-term trajectory.