Do gas limit increases decrease gas prices?
The data includes all blocks produced between July 21st, 2020, 02:00:17 UTC (block 10500001) and July 27th, 2020, 06:37:09 UTC (block 10540000). It was obtained from Geth using a DAppNode full node with the wonderful ethereum-etl package from Evgeny Medvedev to extract transaction and block details.
Miners have some control over the gas limit of a block, but how much gas do blocks generally use?
The gas limit was increased from the previous limit of 10M gas, and gas used in blocks soon followed. We notice two peaks. Let’s zoom in.
How did the gas limit evolve over time?