Week in Ethereum News
February 17, 2024

Eth News and Links

Dencun (Cancun + Deneb) upgrade (meta EIP7569)

  • Latest all core devs – execution (ACDE) call video. Notes from Tim Beiko and Christine Kim:
    • Dencun upgrade client releases expected next week, followed by a mainnet shadow fork
    • Retroactive EIP proposals: EIP7610 (revert contract creation for non-empty storage) need to discuss Verkle interaction and EIP7523 (deprecate empty accounts) need to verify no empty accounts
    • Pectra upgrade (small fork targeting late 2024)
      • Discussions on potential EIPs:
        • EIP5806 (delegate transaction), alternative to EIP3074
        • EIP7557 (block-level warming)
        • EIP2935 (historical block hashes in state) updated for Verkle
        • EIP5920 (PAY opcode)
        • EIP7609 (decrease TLOAD/TSTORE base cost)
      • Agreed to include EIP2537 (BLS precompile)
  • consensus-specs v1.4.0-beta.7: schedule mainnet Dencun upgrade

Osaka upgrade (meta EIP7607)

  • Verkle implementers call video & notes: updates from client teams & testing team, EIP2935 updated, new EIP7612 and deprecating serialize commitment

Centralization watch: threatening the value of your ETH

Layer 1

ePBS (enshrined Proposer-Builder Separation)



  • Barnabe: rainbow staking, framework for protocol service providers (professional operators & solo stakers) to participate in spectrum of heavy (slashable) & light (non/partially slashable) services

For stakers

Client releases

  • Consensus layer:
    • Teku v24.2.0: mainnet Dencun upgrade
  • Execution layer:
    • Besu v24.1.2: mainnet Dencun upgrade
    • Nethermind v1.25.4: mainnet Dencun upgrade
    • Reth v0.1.0-alpha.18: mainnet Dencun upgrade and trie performance improvements

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Layer 2

  • Ed Felten: blobs explainer for L2 users, transactions will be cheaper (unknown by how much)
  • RollCall (L2 standards) call video and notes: L2s generally plan to use blobs soon after Dencun upgrade, recap of breakout calls and proposed RIP7614 (expose call stack to contracts)
  • Based rollups:
  • Starknet airdrop claimable from Feb 20, includes pre-Merge stakers, Protocol Guild, EIP/ERC authors and contributors to Ethereum repos, US not eligible
  • ApeChain to use Arbitrum


  • EIPs:
    • EIP7620: EOF – Contract creation instructions
    • EIP7623: Increase calldata cost
  • ERCs (application layer):
    • ERC7621: Basket token
    • ERC7622: Pre-authorized service payment protocol
    • ERC7624: Dynamic identity binding soulbound tokens

Stuff for developers

  • Foundry:
  • Hardhat:
  • Remix v0.43.0: adds tool icons on hover in the file explorer, Vyper compiler displays errors in cards and plugins from external teams have warning icon
  • VSCode Solidity Inspector v1.3 adds inline file import suggestions with Foundry remapping support
  • DN404 (Solidity contract): hybrid ERC20 & ERC721, mints/burns NFTs based on ERC20 balance
  • Intents Engine: natural language command interface for contracts
  • Czip: calldata compression/decompression in Huff
  • Slitherin (custom Slither detectors) v0.6: adds arithmetic overflow detector & Arbitrum detectors
  • Sourcify: finding auxdata in bytecode for partial source code verification
  • Vyper JupyterLab & Google Colab integration updated to use browser wallet network directly
  • RainbowKit v2: EIP6963 support, wagmi v2, multiple wallet connection sessions and TanStack Query support
  • TrueBlocks Key: index API, beta
  • OpenZeppelin Ethernaut CTF March 16-17



Job Listings

Job listings: $600 for 4 issues (75 char limit).  Pay using 3cities.  Questions? abcoathup at-gmail

Onchain stats

  • Gas fees (via ultrasound.money): 13.2 to 477.5 gwei, with 34.9 gwei average
    • Zero net issuance currently at 22.3 gwei 
    • 6.9k ETH net burn this week
  • ETHUSD: $2,476 – $2,859, currently $2,798
  • ETHBTC: currently 0.054 (Flippening at ~0.16)

Notable at app layer


Publisher & Founder: @evan van ness; Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-february-17-2024

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