DEVOURED
Ethereum Devs Lock In Glamsterdam Parameters
Ethereum core developers completed a week-long intensive session in Arctic Norway, finalizing key parameters for the Glamsterdam upgrade that will significantly increase network transaction capacity.
What: Over 100 Ethereum core contributors gathered in Svalbard, Norway for the Soldøgn interop week to advance the Glamsterdam network upgrade, locking in a post-Glamsterdam gas limit floor of 200 million and finalizing technical parameters for scaling improvements.
Why it matters: The 200 million gas limit floor represents a major capacity increase for Ethereum, allowing the network to process more transactions per block without congestion, addressing one of the blockchain's most persistent bottlenecks as it aims to serve as global financial infrastructure.
Deep dive
- Over 100 Ethereum core developers convened in Longyearbyen, Svalbard (78 degrees north) for an intensive week-long interop session focused on the Glamsterdam network upgrade
- The team locked in a post-Glamsterdam gas limit floor of 200 million, a significant increase that determines how many transactions Ethereum can process per block
- Developers finalized gas repricing numbers for EIP-8037 and stabilized external block builder implementations
- Ethereum Foundation researcher Tim Beiko characterized the week as compressing roughly a month of asynchronous progress into each day of in-person collaboration
- The Ethereum Foundation sold 10,000 ETH ($23 million) to Bitmine Immersion Technologies in an OTC deal at $2,292 per token, the third such transaction between the parties
- Ether currently trades at $2,377, down more than 50% from its August 2025 peak of $4,946, but up 14% over the past month
- Bitmine, led by Wall Street analyst Tom Lee, continues aggressive accumulation despite sitting on over $6 billion in unrealized losses on its 5 million+ ETH holdings
- The Foundation uses proceeds from token sales to fund ongoing development, research, and grants supporting the Ethereum ecosystem
- Beiko described the interop week as one of the most productive sessions in recent memory for the Ethereum development team
- Higher gas limits allow the network to handle more activity without congestion, strengthening Ethereum's case as backbone infrastructure for global finance
Decoder
- Gas limit: The maximum amount of computational work that can be included in each Ethereum block, which determines how many transactions can be processed
- EIP: Ethereum Improvement Proposal, the formal process for proposing changes to the Ethereum protocol
- Block builder: Software that constructs blocks of transactions to be added to the blockchain, often optimizing for maximum extractable value
- Interop week: An intensive in-person gathering where developers work together to accelerate progress on complex technical implementations
- OTC deal: Over-the-counter transaction conducted directly between parties rather than on public exchanges
Original article
Over 100 Ethereum core contributors gathered in Longyearbyen, Svalbard, at the Soldøgn interop week to advance the Glamsterdam network upgrade, locking in a post-Glamsterdam gas limit floor of 200 million and finalizing gas repricing numbers for EIP-8037. The team also stabilized external block builder implementations, with EF researcher Tim Beiko noting that interop weeks compress roughly a month of asynchronous progress into a single day.
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