Glassnode, an on-chain analysis platform, has reported that Ethereum's mean block size has reached a new 1-month high, indicating an improvement in the network's capacity and transaction throughput.

The current mean block size stands at 121.4 million, showcasing a substantial increase in the average data volume accommodated within individual blocks of the Ethereum blockchain.

This surge in block size signifies a positive development for the ETH ecosystem, as it accommodates the growing demands and usage of the network, potentially leading to improved scalability and transaction throughput.

Additionally, the surge in block size may have a positive impact on gas fees, potentially reducing congestion and leading to a more cost-effective and accessible environment for users and developers utilizing the Ethereum ecosystem.