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Ethereum’s transaction volume has reached all-time highs while gas fees have declined to the lowest levels in network history. The seven-day moving average of transactions is 2.5 million, nearly double the volume recorded one year ago. This surge in activity began in mid-December, reversing a gradual decline that persisted through mid-2025.

Ethereum developers discussed raising the block gas limit from 60 million to between 75 million and 80 million gas during their All Core Developers meeting. Nethermind developer Ben Adams confidence in implementing the increase following the second blob parameter-only (BPO) fork scheduled for January.

Ethereum architect Vitalik Buterin has ignited a structural debate within the community after proposing the implementation of a decentralized, trustless gas futures market. The mechanism is designed to provide users a vehicle to hedge against transaction cost volatility, offering superior cost predictability during periods of network congestion.

KuCoin has the listing of Stable (STABLE) on its Spot trading platform. This brings enhanced opportunities for users to interact with a blockchain designed specifically for the USDt ecosystem.

Ethereum has executed its most significant base-layer scaling maneuver in four years, raising the network’s block gas limit to 60 million. The 33% capacity increase, ratified by validator consensus this week, marks a strategic shift from “L2-only” scaling to a hybrid model where the mainnet itself expands to support a surging ecosystem.

Sony Block Solutions Labs and Japan’s Startale Group have opened a closed beta for the , a unified entry point to Soneium, the Ethereum Layer 2 Sony is building with Startale.

Union Jack Oil has plans to establish a Bitcoin mining operation powered by natural gas from its West Newton discovery wells in the UK. The company holds a 16.665% working interest in PEDL183 and has partnered with Texas-based 360 Energy Inc. to implement the cryptocurrency mining solution.

The Ethereum Foundation has Marius van der Wijden as co-lead for its Scale L1 initiative alongside Ansgar Dietrichs and Tim Beiko. The restructured leadership aims to accelerate Ethereum’s layer-1 scaling efforts while maintaining protocol security and decentralization principles.

The Ethereum network is sending deeply conflicting signals this week. On one hand, network activity has ground to a near halt, with gas fees plunging to rock-bottom levels. On the other, a looming “supply shock” on exchanges could be setting the stage for an explosive rally.