COINOTAG News reports that the Ethereum Fusaka upgrade is slated for activation in roughly nine hours, with UTC timing listed at 21:49:11 on December 3 and 05:49:11 Beijing time on December 4. The upgrade is designed to run in lockstep across both the consensus layer and execution layer, reinforcing Ethereum’s ability to process high-volume transactions from diverse Layer 2 ecosystems.

It will raise the block gas limit to 60 million and, via BPO forks, pave the way for subsequent blob parameter adjustments. Market observers anticipate a material reduction in L2 fees—roughly 40% to 60%—which should yield faster, more cost-efficient experiences on Layer 2 networks.