Week in Ethereum News
February 24, 2024

Eth News and Links

Dencun (Cancun + Deneb) upgrade (meta EIP7569)

Pectra (Prague + Electra) upgrade (meta EIP7600)

  • Latest all core devs – consensus (ACDC) call video. Notes from Christine Kim:
    • Electra upgrade scope (small cross layer fork targeting late 2024):
      • peerDAS (EIP7594): develop in parallel to Electra
      • Inclusion lists (EIP7547): speed run proof of concept to check complexity for Electra
      • ePBS and increase max EB (EIP7251): unlikely for Electra
      • Proposed issuance curve adjustment (30% reduction) and case for targeting staking ratio of 1/4
      • Light client roadmap: proposes backfill protocol & SSZification for Electra

Osaka upgrade (meta EIP7607)

Centralization watch: threatening the value of your ETH

Layer 1

ePBS (enshrined Proposer-Builder Separation)



Layer 2

  • OP chains Delta upgrade live, adds span batches which reduces fixed costs by over 90%
  • ZK grants round to improve ZK Layer 2 ecosystem, $900k in funds from EF, Aztec, Polygon, Scroll, Taiko & zkSync, applications close March 18


  • ERCs (application layer):
    • ERC7625: Contract IDs and metadata extension
    • ERC7627: Secure messaging protocol
    • ERC7628: ERC721 balance extension
    • ERC7629: Unified token
    • ERC7631: Dual nature token pair (DN404 hybrid ERC721 & ERC20)
    • ERC7632: Interfaces for named token
    • ERC7634: Limited Transferrable NFT (ERC721 extension)
    • ERC7635: Multi-Fungible Token

Stuff for developers


  • Blueberry (lending) exploit front run by c0ffeebabe, 367 ETH returned



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): 11.8 to 198.7 gwei, with 34 gwei average
    • Zero net issuance currently at 22.5 gwei 
    • 8.6k ETH net burn this week
  • ETHUSD: $2,739 – $3,025, currently $2,921
  • ETHBTC: currently 0.058 (Flippening at ~0.16)

Notable at app layer



End of service: plan to deprecate Week in Ethereum News

Editor: @abcoathup
Follow @WeekinEthNews for the most clicked links
Permalink: https://weekinethereumnews.com/week-in-ethereum-news-february-24-2024

Upcoming Dates of Note

(new/changes in bold)

Sign up to receive this newsletter weekly