Week in Ethereum News
March 9, 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):
      • EIP7549 move committee index outside attestation: onchain aggregate optimization discussion
      • Issuance adjustment: mixed community feedback, ongoing discussions, small code change, aim for go/no go mid year on including in Electra
      • EIP7547 inclusion lists (candidate for Electra): breakout call next week, spec ~75% ready
      • EIP7251 max effective balance (candidate for Electra): greater support for including in Electra, previous pushback was complexity which Prysm will review again
    • Discussions: keymanager API auth standardization, Beacon API block value standardization, specifying late block behavior and ePBS payload boost

Client Releases

  • Consensus layer:
    • Teku v24.3.0: improved block rewards calculation performance
  • Execution layer:
    • Besu v24.3.0: Bonsai storage format & Snap sync now default and Bonsai updated to reduce disk usage

Centralization watch: threatening the value of your ETH

Layer 1

Inclusion Lists (EIP7547)

For Stakers


  • Execution tickets economic analysis: tickets must be sold at their intrinsic value otherwise value would leak into a secondary market

Support the Roman Storm & Alex Pertsev legal defense fund

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Layer 2


  • EIPs:
  • ERCs (application layer):
    • ERC7646: Metadata management for NFTs
    • ERC7647: Fungible NFTs (hybrid ERC20/721)
    • ERC7648: NFT recursive synthesis asset
    • ERC7649: Bonding curve-embedded liquidity for NFTs

Stuff for developers

  • Hardhat:
    • v2.21.0: adds Ethereum Development Runtime (EDR) in Rust, replaces TypeScript based Hardhat Network
    • Multichain-deploy: Hardhat plugin using Sygma
  • Gaslite Bytecode20: gas optimized ERC20 in EVM bytecode
  • Return bombing: how to safely process revert data
  • Titanoboa (Vyper interpreter) Boa Solidity: adds Solidity support
  • Snekmate v0.0.5: for Vyper v0.3.10, adds multi-role-based timelock controller
  • Verifier alliance (VERA): shared database for verified contract source code
  • ERC4337 first year: 3M accounts, limited adoption depth, low retention, fragmentation, only $200k in bundler revenue and multiple entry point upgrades
  • Guide for dapps to adopt EIP6963 (multi injected provider discovery)
  • Wallet Test Framework test report 2
  • CTFs:
  • Goerli testnet no longer finalizing, Prysm users please update to latest release candidate



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): 30.3 to 394.1 gwei, with 66.3 gwei average
    • Zero net issuance currently at 23.0 gwei 
    • 33.6k ETH net burn this week
  • ETHUSD: $3,360 – $3,998, currently $3,897
  • ETHBTC: currently 0.057 (Flippening at ~0.16)

Notable at app layer

  • Maker voted to change DSR to 15%, Stability Fees to 15-17.25% & GSM to 16 hours
  • Kwenta Perps v3 live on Base, beta
  • Power perpetuals include stablecoins, margined perpetual futures and AMMs



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Editor: @abcoathup
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Permalink: https://weekinethereumnews.com/week-in-ethereum-news-march-9-2024

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