Co-founder of Ethereum: 'Almost exactly 50% of stake is voting to increase the L1 gas limit'

As reported by Etherscan, Ethereum’s L1 gas limit as of July 2024 is set at 40 million units per block, an increase from 30 million in 2021. Historical data indicates steady increases as the network adapts to higher transaction volumes and broader adoption of smart contracts and decentralized applications.

According to Dune Analytics, over 23 million ETH—approximately 19% of total supply—was staked on Ethereum by July 2024. More than one million active validators are participating in network security and governance, demonstrating growing community engagement with Ethereum’s proof-of-stake protocol.

As detailed by the Ethereum Foundation, Vitalik Buterin is a Russian-Canadian programmer who co-founded Ethereum in 2015 at age 21 after working at Bitcoin Magazine. He remains a leading researcher, advocate, and thought leader in the blockchain space.

According to Ethereum.org, Ethereum was launched in 2015 with the mission to create a decentralized platform for smart contracts and open financial applications. It operates on a proof-of-stake model with technical governance managed by core developers, node operators, and community stakeholders in an open-source, decentralized manner.