Week in Ethereum News
January 20, 2024

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:
    • Goerli testnet: successfully upgraded to Dencun, Prysm bug patched, blob spamming started & blob expiry can be tested from Feb 5 
    • Testnet upgrade dates unchanged: Sepolia Jan 30 & Holešky Feb 7
    • Mainnet upgrade: Tim Beiko expects minimum 1 month after Holešky upgrade
    • Pectra (Prague + Electra):
      • Small fork late 2024; Verkle likely in following upgrade (Osaka)
      • Candidates for inclusion: EIP2537 (BLS precompile), EIP6110 (validator deposits onchain) & EIP7002 (EL triggerable exits)
      • Diagram of all proposed EIPs & viz of where each EIP fits in roadmap
      • Presentations on batch txs for EOAs (EIP3074), SETCODE, EIP7251 (increase max effective balance) & EIP7547 (inclusion lists)
    • next ACDE to discuss potential big feature: Verkle, EOF & EIP4444 (bound historical data)
  • Ephemery testnet successfully upgraded to Dencun
  • Consensus-specs v1.4.0-beta.6: fork choice filter change


Client releases

  • Consensus layer:
    • Lodestar v1.14.0: option for local block publishing signed by the validator
    • Prysm v4.2.1-rc.0: fix historical roots for Goerli Dencun upgrade
  • Execution layer:
    • Erigon v2.57.0: Sepolia & Holešky testnets Dencun upgrade
    • Nethermind v1.25.1: fix eth_syncing behavior and extra bodies & receipts downloaded after upgrading long-living node
    • Reth v0.1.0-alpha.15: consensus fix for Dencun and enables default on-disk blob store

Centralization watch: threatening the value of your ETH

Layer 1

For stakers

  • Besu (execution layer client) performance improvements (95% of blocks processed within ~250ms) and optimal config


Layer 2


  • EIPs
    • Meta EIP7600: Hardfork Meta – Pectra (Prague + Electra)
  • ERCs (application layer):
    • ERC7595: Collateralized NFT (ERC721 extension)
    • ERC7596: Equity shares book-entry system
    • ERC7597: Signature validation extension for Permit (ERC2612)
    • ERC7598: Use contract signature for signed transfer
    • ERC7599: Onchain autonomous AI agent NFT

Stuff for developers


  • Socket/Bungee $3.3M exploit on mainnet, token approvals drained via unverified user input


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): 11.3 to 74.6 gwei, with 28.7 gwei average
    • Zero net issuance currently at 22.0 gwei 
    • 6.9k ETH net burn this week
  • ETHUSD: $2,419 – $2,605, currently $2,485
  • ETHBTC: currently 0.06 (Flippening at ~0.16)

Notable at app layer

  • Sablier monthly unlocks streaming curve, can use like traditional payroll
  • Dagon (DAO singleton) live on mainnet & Optimism, add weighted token voting to any account
  • Zuzalu QF grants: spinoff events (Zu-villages) & digital public goods rounds



Follow @WeekinEthNews to find out what the most clicked links are. Follow @abcoathup and @evan_van_ness to get most of the week’s news in real time.

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