The Ethereum EIP-8488 draft proposes a new opcode mechanism aimed at implementing versioned pricing for Gas fees.

On November 9, the Ethereum community recently proposed the EIP-8488 draft, which plans to introduce V2 opcodes to adopt new gas pricing rules for newly deployed smart contracts, while preserving the original execution costs of existing contracts.

According to the proposal, new contracts will be versioned upon deployment and use V2 opcodes that comply with the pricing rules of EIP-8037 and EIP-8038. The new cross-contract calls only support V2 contracts, and instructions such as GAS and GASLIMIT that directly retrieve gas metering information are removed to prevent new contracts from relying on legacy pricing logic.

This proposal aims to reduce the compatibility impact of gas repricing on existing contracts, paving the way for future control of on-chain state growth and a gradual increase in the gas limit. Currently, EIP-8488 remains in the draft stage and has not yet been formally implemented.