A recently introduced Ethereum Improvement Proposal (EIP) seeks to significantly enhance the performance of the Ethereum network by reducing block times by 33% and boosting overall data capacity. Developers claim that this will lead to an increase in overall throughput by 50%.

Ethereum may speed up its slot time, decreasing latency from 12 seconds to 8 seconds. The higher throughput would mostly benefit L2 chains and possibly decrease gas fees.