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Ethereal news weekly #1

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Fusaka upgrade live on mainnet, client diversity: Lighthouse 55%, Beacon chain 5th anniversary

Ecosystem

  • 🦓 Fusaka upgrade live on mainnet:
    • EthStaker watch party recording & POAPs; Song a Day: Ok Fusaka
    • Prysm (consensus layer client) issue caused ~20% drop in participation, network recovered after config flag workaround used by affected nodes
    • Headliner: EIP7594 PeerDAS, allows 8x blobs as nodes only store 1/8 data
    • EIP7892 blob parameter only upgrades (BPOs) increase blobs gradually
      • BPO1: target 10 & max 15 blobs per block (increased from 6/9), December 9
      • BPO2: target 14 & max 21 blobs, January 7, 2026
  • Client diversity:
    • Consensus layer: ⚠️ Lighthouse 55%
    • Execution layer: Geth ~41%, Nethermind ~38% (estimated from self reports)
  • Beacon chain 5th anniversary 🎂
  • EF Ecosystem Support Program Q3 allocations, 80 projects shared $14.3M
  • ETH metrics:
    • Gas (gwei): 0.1 average, 0.0 - 2.7 (12 for zero net issuance)
    • ETHUSD: $2,736 – $3,222 (all time high $4,946, August 24, 2025)
    • ETH ETFs: 5% of ETH supply
    • ETHBTC: 0.034 (0.165 for the Flippening)

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Enterprise

  • Vanguard allows trading of select third party crypto ETFs & mutual funds
  • WisdomTree Lido staked Ether ETP

Applications

  • Aave x CoW Swap: better prices & MEV protection
  • Aave voted to remove USDS as collateral
  • Startale USD (USDSC) stablecoin native to Soneium (Sony Block Solutions Labs rollup)
  • MetaMask Transaction Shield (subscription): coverage (up to $10k) for transactions deemed safe & priority support, browser extension only
  • Address.vision POAP display for ENS addresses

Developers

  • Solidity (language)
    • v0.8.31:
      • Fusaka support: osaka default EVM version & CLZ opcode
      • Constants in storage layout specifiers
      • Deprecation warnings for address send/transfer, ABI coder v1, virtual modifiers, contract comparison operators & memory safe assembly annotation
    • Solidity summit (Devconnect) recordings & slides
  • Hardhat (dev framework) Fusaka support enabled manually in network config
  • Ethers.js v6.16.0 (client library): Fusaka support for EIP7594 PeerDAS cell proofs
  • FloatLib (Solidity/Vyper): high-precision floating-point math library
  • Enscribe: name contracts with Basenames
  • Icon registry: mainnet repository of PNG icons
  • Application layer standards (ERCs):
    • ERC8095: Directory of certified smart contracts
    • ERC8097: In ground asset token
    • ERC8098: Non-increasing supply ERC20

Security

All core devs (main protocol calls)

All core devs - execution (ACDE) #225

  • Fusaka upgrade:
  • Glamsterdam upgrade (targeting June 2026):
    • Non-headliner scoping: categorized shortlist (from last ACDE)
    • Considered for Inclusion:
    • Execution layer non-headliner candidates still to be decided at next ACDE:
      • Repricing core category; contract size increase (EIP2926 chunk-based vs EIP7907 meter & increase); process category (non-protocol changes)
      • Repricing: EIP7971 hard limits for transient storage; EIP8032 size-based storage pricing
      • EIP7903 remove initcode size limit
      • EIP7668 remove bloom filters
    • Declined for Inclusion:
  • Heka + Bogota upgrade
    • EIP7805 FOCIL: ACDC to decide whether to set as Scheduled for Inclusion before headliner selection, potentially impacting other candidates e.g. 6 second slots

All Core Devs - Testing (ACDT) #62

  • Gas limit increases:
    • 75M next safe level: block receipts could exceed message size cap at ~83M
    • 100M possible after implementation/rollout of EIP7975 eth/70 - partial block receipt lists, potentially in late January/February
  • EIP7872 max blob flag for local builders: ideally include before next phase of BPOs
  • Engine API proposal to switch to SSZ to reduce time spent decoding JSON, need benchmarks

Layer 1

Staking

  • Staking marketshare: Lido 24.4% [Note: dual governance]
  • Client releases:
    • Consensus layer:
      • Grandine 2.0.1 (medium-priority): performance optimizations & fixes
      • Lodestar v1.37.0 (maintenance): performance fix seen in testnets & validator client option to disable slot skipping for Obol users
      • Nimbus v25.11.1 (high-urgency): improvements & fixes

Layer 2

Regulation

General


Editor: @abcoathup
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