OKX Ventures: Ethereum's Gas Limit Increase Bullish for Network, Past 7 Days Showed Significant Inflow

BlockBeats News, February 5th, OKX Ventures announced on social media that since the Ethereum merge in 2022, the network has increased its gas limit for the first time. This change will allow the Ethereum network to handle more transactions, alleviate congestion, and help stabilize transaction fees. This adjustment has enhanced Ethereum's ability to process complex smart contracts and high-demand dApps, improving the transaction speed and scalability of DeFi and other on-chain innovations.

Over the past 7 days, the Ethereum network has seen a net inflow of funds totaling $1.1 billion, compared to only $104 million for Base and $33 million for Solana. Furthermore, the funds flowing from Solana to Ethereum are four times higher than the funds flowing in the opposite direction, indicating a shift in liquidity as capital flows into Ethereum increase.

The recent net inflows into Ethereum spot ETFs have also been steadily rising (today's net inflow is $307 million), signaling a significant increase in investor interest in ETH ETFs.