Vitalik: Short-term L1 expansion that can be achieved in the next 1-2 years is valuable

On February 14th, Ethereum co-founder Vitalik Buterin released the latest article "The Reason to Increase L1 Gas Limit Even in L2-Dominated Ethereum". The article states that an important recent discussion in the Ethereum roadmap is about how to increase the L1 gas limit. Recently, the L1 gas limit has been increased from 30 million to 36 million, a 20% capacity increase. Many people support a further significant increase in the near future. These increases are deemed safe due to recent and upcoming technical improvements: efficiency improvements in Ethereum clients, reduced need to store old history due to EIP-4444 (see roadmap), and future stateless clients.

The article concludes that even in a world dominated by L2, a roughly 10x expansion of L1 gas still has significant value. This in turn means that short-term L1 expansions that can be achieved in the next 1-2 years are valuable, regardless of the long-term situation.