Glamsterdam upgrade targeting first testnet in September, Uniswap v4 Permissioned Pools, Aztec Alpha V5 live
Ecosystem
- Reminder: Devcon 8 speaker application deadline August 6
- ETH metrics:
- Gas (gwei): 0.1 average, 0 - 1.0 (13.1 for zero net issuance)
- ETH supply change: 13k net issuance (7 days)
- ETHUSD: $1,804 - $1,954 (all time high $4,946, August 24, 2025)
- ETH ETFs: 5.2% of ETH supply
- ETHBTC: 0.029 (0.166 for the Flippening)
Sponsor: Consensys
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consensys.io
Applications
- Uniswap v4 Permissioned Pools: allowlist checked by v4 hooks on swaps & LP mints
- Morpho Midnight: fixed rate & term credit markets, live on Base with cbBTC/USDC
- Aave governance process v2 proposal: streamlined to 13 days, starts with business case & removes temp check
- ENS DAO new security council: 5/8, limited veto power & 2 year term
- Odos (DEX aggregator) read only from July 27, shutting down July 30, wallets created via social/email login should transfer assets or export key
- Agora holders.vote: Reddit style communities, voting power per community based on coin balance or token holding
- TokenWorks Fake World Assets (NFTs): random purchase (weighted toward lightly backed items), choose NFT or most of ETH backing, depositors earn share of fees
Developers
- Nomic Foundation Hardhat v3.11.0 (dev framework): adds experimental Glamsterdam upgrade support for EIP7928 block level access lists & EIP7778 block gas accounting without refunds
- OpenZeppelin Community Contracts (Solidity library): adds ERC7540 asynchronous ERC4626 tokenized vaults
- revm v42: additional Glamsterdam support (glamsterdam-devnet-7)
- ChainSafe open creator rails (subscription gated content stack): asset + registry contracts, indexer, TypeScript & Unity SDKs, x402 adapter, MCP server and demo
- Kassandra kohaku-cli privacy demo (terminal wallet): unshield & swap in single ERC4337 operation funded from Tornado Cash; work in progress, not security reviewed
- Application layer standards (ERCs):
All core devs (main protocol calls)
All core devs - consensus (ACDC) #183
- Glamsterdam upgrade (targeting 2026):
- glamsterdam-devnet-7: ratified devnet EIPs are scheduled for inclusion
- glamsterdam-devnet-8 (spec): targeting early August, minor changes to repricing EIPs & discv5 only execution layer discovery
- glamsterdam-devnet-9: targeting August for non-finality testing
- Public testnets: targeting first testnet in September
- Hegotá upgrade (targeting 2027):
- Non-headliners proposed for inclusion (deadline for proposing is August 6):
All core devs - testing (ACDT) #88 + consensus layer breakout
- Glamsterdam upgrade (targeting 2026):
- glamsterdam-devnet-7: ongoing chaos testing & stable containers need optimization, ~10-20% slower
Layer 1
- Glamsterdam upgrade (targeting 2026):
- Terence (Prysm): ePBS changes builder selection
- Hegotá upgrade (targeting 2027):
- EIP7805 FOCIL breakout #38: targeting local interop based on next consensus layer spec
- Ethereum improvement proposals (EIPs):
- EIP8347: Offline state migration to the Partitioned Binary Tree (PBT)
Staking
- Lambda: ethrex execution layer client in production for 6 months
- Client diversity:
- Consensus layer: Lighthouse ~50% (data may not be accurate)
- Staking market share: Lido 21% [Note: dual governance]
- Validators: 888k active (target 128k), 17k accumulating (0x02 withdrawal credentials)
- Client releases:
- Consensus layer:
- Sigma Prime Lighthouse v8.2.1 (high): security fixes & optimizations and fixes for EIP8136 partial data columns (enabled by default on testnets)
- Execution layer:
- Erigon v3.5.3 (bugfix): improved RPC reliability & subscription behavior
- Lambda ethrex v22.0.0: adds debug_getBadBlocks, hardens transaction pool under heavy load & adds Grafana dashboard for comparing execution clients
- Nethermind 1.39.2 (mandatory): updated .NET to 10.0.10 (17 CVE security fixes) and makes eth_getLogs block range explicit & configurable
- Paradigm Reth v2.4.1 (high): alloy dependency updates
- Consensus layer:
Layer 2
- Aztec Alpha V5 live, halves private transaction proving time & private transaction cost, resolves critical issues found in V4 and first apps live
- Base native account abstraction (EIP8130): 2x cheaper than ERC4337 smart accounts, live on vibenet, targeting Cobalt upgrade in September & OP Stack chains later this year
- Gnosis Chain proposal to transition from L1 to Ethereum Economic Zone (ZK rollup), sunsetting validator set & targeting genesis late 2026/early 2027
- Taiko June 21 security incident post mortem, attacker forged proofs via exposed signing key & attestation check that failed to reject prover running in debug mode
- L2Beat security councils: review of how they work, positives & areas for improvement, covering Arbitrum, Optimism, Celo, Taiko & Scroll
Regulation
- US Senator Cynthia Lummis: Clarity Act updated draft text
- US SEC:
- Commissioner Hester Peirce crypto vaults & lending strategies may be within scope of securities laws depending on structure & activities; welcomes inquiries & feedback
- SEC settled with Coinbase for record retention policy fixes & $150k, over Freedom of Information requests for former Chair Gary Gensler text messages, which were automatically wiped
General
- AFX USDC custody bridge exploit on Arbitrum, 30% bounty offered
- OpenAI models escaped sandbox & compromised Hugging Face to obtain solutions for cyber capabilities benchmark they were being tested on
- Vitalik: AI capabilities & humans
Editor: @abcoathup
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