Ethereum L1 recently increased its gas limits, presenting both risks and rewards. The decision comes with the potential for big rewards, but also carries certain risks that users must be aware of. Gas limits determine the maximum amount of computational work that can be done in a block. By increasing the gas limit, more transactions can be processed in each block, leading to greater network capacity and potentially lower fees. This could attract more users and developers to the Ethereum platform, driving innovation and growth. However, there are also risks involved in raising the gas limit. Higher gas limits can make the network more vulnerable to congestion and potential attacks, as well as increasing the chance of accidental high fees. Users must be cautious and monitor the network closely to avoid any potential pitfalls. Overall, the decision to increase gas limits on Ethereum L1 comes with both risks and rewards, but if managed carefully, it has the potential to bring significant benefits to the platform.