Week in Ethereum News
December 9, 2023

Eth News and Links

Dencun (Cancun + Deneb) upgrade (meta EIP7569)

  • Latest all core devs – execution (ACDE) call video. Recap by Tim Beiko.  Notes from Tim Beiko and Christine Kim:
    • Devnet-12: issues being found & fixed; Prysm expect to join in 1-2 weeks
    • Goerli ~300 node shadow fork planned before end of December
    • Goerli upgrade to be scheduled in January to test 3/6 (target/max) blobs
    • Community can propose EIPs for next upgrade, to be discussed in January
  • Consensus-specs v1.4.0-beta.5: clarifies when clients can serve blocks & sidecars byRoot

Centralization watch: threatening the value of your ETH

Layer 1

  • Reth (node) crawler: ~19k active nodes found using UDP & inbound TCP
  • Erigon 2024 roadmap: Erigon++ (evmone, SilkRPC C++ components), Caplin full archive node, Erigon v3 & Otterscan (enhanced with Erigon v3 & Beacon Chain capability via Caplin)
  • Lightclients: EIP3074 (AUTH & AUTHCALL opcodes) would allow EOAs to be used within ERC4337 (Account Abstraction using alt transaction pool)

For Stakers

  • Rescue Node adds support for solo stakers, fallback node for temporary access in emergencies/maintenance

Client releases

  • Execution layer:
    • Erigon v2.55.1: patch
    • Nethermind v1.23.0: OP Stack support (Canyon upgrade not yet supported), initialize DB using snapshot and reduced memory consumption when overloaded with CL requests
    • Reth v0.1.0-alpha.13: fix block commit times for full node & heavy RPC tracing users


  • Timing games: implications of proposers delaying block publication to increase MEV and pros & cons of possible mitigations
  • CEX<>DEX arbitrage empirical analysis

Layer 2


  • ERCs (application layer):
    • ERC7570: Security token interface for confidentiality & legal status transparency
    • ERC7571: Shadow events
    • ERC7572: Contract-level metadata via contractURI

Stuff for developers


  • OpenZeppelin: contracts integrating both Multicall & ERC2771 vulnerable to address spoofing
    • Thirdweb vulnerability, impacted pre-built contract deployers need to mitigate



Onchain stats

  • Gas fees (via ultrasound.money): 21.4 to 144.2 gwei, with 45.2 gwei average
    • Zero net issuance currently at 21.8 gwei 
    • 17.6k ETH net burn this week
  • ETHUSD: $2,086 – $2,385, currently $2,361
  • ETHBTC: currently 0.053 (Flippening at ~0.16)

Notable at app layer

  • Safe RecoveryHub: set multisig recoverer(s), recovery attempt can be canceled within review window
  • Coinbase Wallet links: send USDC via a shareable link, returned if not claimed within 2 weeks
  • Matcha cross chain swaps live on mainnet, L2s & sidechains
  • Proof of P2P: soulbound NFT, zk proof of unique human with P2P account, requires Venmo
  • Optimism We ❤️ the Art (NFT creator contest) extended to January 8

Job Listings

Job listings: $600 for four issues (75 character limit).  Pay using 3cities.  Questions? abcoathup at-gmail



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