diff --git a/etherlink/CHANGES_KERNEL.md b/etherlink/CHANGES_KERNEL.md
index 81be5a38f25f9a404e229f09f1691e12a5e3f4c9..7901814db9d9ff5130da84859de84d2408029809 100644
--- a/etherlink/CHANGES_KERNEL.md
+++ b/etherlink/CHANGES_KERNEL.md
@@ -2,7 +2,7 @@
 
 ## Version NEXT
 
-Its storage version is 35.
+Its storage version is 36.
 
 ### Features
 
@@ -15,6 +15,8 @@ Its storage version is 35.
   with over-estimated gas limits exceeding the maximum threshold will
   be disabled. During execution, any gas limit above the maximum will
   be automatically capped at the maximum permitted value. (!18179)
+- Bump the capacity of Etherlink to 8MGas/s (meaning a target per second to
+  4MGas/s). (!18452)
 
 ### Bug fixes
 
diff --git a/etherlink/bin_node/lib_dev/gas_price.ml b/etherlink/bin_node/lib_dev/gas_price.ml
index c0562d0abc8e4571ee5c8acbb2580a6f0d8983b0..5847625a8c312df4398f8feeb9f361e3c0aef794 100644
--- a/etherlink/bin_node/lib_dev/gas_price.ml
+++ b/etherlink/bin_node/lib_dev/gas_price.ml
@@ -14,15 +14,18 @@ type constants = {target : Z.t; alpha : float}
 let ticks_constants =
   {target = Z.of_int (40_000_000 * 50); alpha = 0.000_000_000_007}
 
-let gas_constants =
-  let capacity = 4_000_000 in
-  {target = Z.of_int (capacity / 2); alpha = 0.000_000_007}
+let gas_constants version =
+  let capacity, alpha =
+    if version < 36 (* Dionysus or before *) then (4_000_000, 0.000_000_007)
+    else (8_000_000, 0.000_000_004)
+  in
+  {target = Z.of_int (capacity / 2); alpha}
 
 let tolerance {target; _} = Z.(mul target (of_int 10))
 
 let constants_from_storage_version version =
   (* See migrations V32 in [migration.rs] *)
-  if version < 32 then ticks_constants else gas_constants
+  if version < 32 then ticks_constants else gas_constants version
 
 let price_from_backlog ~version ~minimum backlog =
   let constants = constants_from_storage_version version in
diff --git a/etherlink/kernel_latest/kernel/src/gas_price.rs b/etherlink/kernel_latest/kernel/src/gas_price.rs
index 6aaa9550ff560fb4c77b4069e9cb707222e28a61..08a1e466237b1d4d7fdd2982603fa8b7a3d17d9e 100644
--- a/etherlink/kernel_latest/kernel/src/gas_price.rs
+++ b/etherlink/kernel_latest/kernel/src/gas_price.rs
@@ -11,13 +11,13 @@ use softfloat::F64;
 use tezos_evm_runtime::runtime::Runtime;
 use tezos_smart_rollup_encoding::timestamp::Timestamp;
 
-const CAPACITY: u64 = 4_000_000;
+const CAPACITY: u64 = 8_000_000;
 const TARGET: u64 = CAPACITY / 2;
 const TOLERANCE: u64 = 10 * TARGET;
 
 // chosen so that gas price will decrease ~7/8 if there's no usage for ~10 seconds.
 // ALPHA = -ln(7/8)/(TARGET * 10)
-const ALPHA: F64 = softfloat::f64!(0.000_000_007);
+const ALPHA: F64 = softfloat::f64!(0.000_000_004);
 
 /// Register a completed block into the tick backlog
 pub fn register_block(
diff --git a/etherlink/kernel_latest/kernel/src/migration.rs b/etherlink/kernel_latest/kernel/src/migration.rs
index 7b1614ed6dabd1de4477df9ebed40e9125b645e5..b789743ab24996af193b5f16bc8cf354a80e4709 100644
--- a/etherlink/kernel_latest/kernel/src/migration.rs
+++ b/etherlink/kernel_latest/kernel/src/migration.rs
@@ -372,6 +372,11 @@ fn migrate_to<Host: Runtime>(
             // validation in the EVM node
             Ok(MigrationStatus::Done)
         }
+        StorageVersion::V36 => {
+            // Dummy migration allowing the node to decide what gas target to use when trying to
+            // predict the gas price
+            Ok(MigrationStatus::Done)
+        }
     }
 }
 
diff --git a/etherlink/kernel_latest/kernel/src/storage.rs b/etherlink/kernel_latest/kernel/src/storage.rs
index 90930323d202f6863b3c1315658309aae9325913..bc131c20efbda6a0362cfb563ea3218e3abd0099 100644
--- a/etherlink/kernel_latest/kernel/src/storage.rs
+++ b/etherlink/kernel_latest/kernel/src/storage.rs
@@ -69,6 +69,7 @@ pub enum StorageVersion {
     V33,
     V34,
     V35,
+    V36,
 }
 
 impl From<StorageVersion> for u64 {
@@ -83,7 +84,7 @@ impl StorageVersion {
     }
 }
 
-pub const STORAGE_VERSION: StorageVersion = StorageVersion::V35;
+pub const STORAGE_VERSION: StorageVersion = StorageVersion::V36;
 
 pub const PRIVATE_FLAG_PATH: RefPath = RefPath::assert_from(b"/evm/remove_whitelist");
 
diff --git a/etherlink/kernel_latest/kernel/tests/resources/failed_migration.wasm b/etherlink/kernel_latest/kernel/tests/resources/failed_migration.wasm
index c92531a03d327195d37ce5ceaaf70addc886012c..bf90ac13a71469680d83e836af1c9a8c55d13b18 100755
Binary files a/etherlink/kernel_latest/kernel/tests/resources/failed_migration.wasm and b/etherlink/kernel_latest/kernel/tests/resources/failed_migration.wasm differ