Base

Since we rolled out 4844, we’ve seen a 5x increase in demand on Base, driving fees back up

To reduce fees and scale, we’re increasing the gas target 50% (to 3.75 mgas/s) tomorrow and then to 5 mgas/s following an observation period, targeting early next week

And it's live!

The gas target has been increased by 50% (to 3.75 mgas/s), with plans to increase it further early next week

One small step in a larger effort to reduce fees on Base

Woo hoo. I can see the effects of that! But can someone ELI5 me how increasing gas targets bring down fees? Thanks!