- Ethereum developers tested the Dencun upgrade on Sepolia testnet without any hiccups.
- The next step to EIP-4844’s mainnet launch is the Holesky testnet release.
- Dencun’s smooth testnet releases could bring the next major upgrade to Ethereum in March 2024.
Ethereum network’s next major upgrade after its Merge is Dencun. The upgrade will implement several Ethereum Improvement Proposals, the most notable of which is EIP-4844. The improvement proposal, better known as protodanksharding, will reduce transaction costs for Layer 2 chains.
Also read: When is EIP-4844, and why is it considered the biggest game changer for Ethereum?
Ethereum Dencun upgrade successfully clears Sepolia testnet
The Dencun upgrade observed a successful implementation with no major issues, on the Sepolia testnet. Ethereum core developers Paritosh J and Tim Beiko shared the status update in recent tweets on X (formerly Twitter).
Blobs are now flowing in Sepolia :D
— parithosh | (@parithosh_j) January 30, 2024
Uneventful testnet forks are the best ones! https://t.co/HTTVwYcytm pic.twitter.com/Al45RZz95B
Everything looking smooth so far https://t.co/8kYhfFEIne
— timbeiko.eth ☀️ (@TimBeiko) January 30, 2024
Ethereum holders and crypto market participants consider this upgrade key to the ETH ecosystem since it will bring major changes to the network, for the first time since the shift of the consensus mechanism from Proof-of-Work to Proof-of-Stake in the Merge. The upgrade will introduce blobs, data units that are attached to Ethereum network’s existing blocks. These blobs reduce the specific storage required by Layer 2 chains, reduce the operation costs and transaction costs.
EIP-4844 is now closer to its mainnet release and the only step left in the process of its rollout on the Ethereum chain is the Holesky testnet. A successful completion of its release on Holesky will pave the way for EIP-4844 and Dencun’s arrival on Ethereum by March.
Christine Kim, Head of Research at Galaxy Digital has put the odds of Ethereum’s Dencun release on the mainnet at 70%.
fwiw, based on how smoothly sepolia went today, id say odds of a mainnet activation for dencun in march is now 70%, up from 60%.
— Christine Kim (@christine_dkim) January 30, 2024
odds only get stronger if holesky upgrade next wednesday also goes smoothly! https://t.co/c5gV6NLrmL
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Crypto fraud soars as high-risk addresses on Ethereum, TRON networks receive $278 billion
The cryptocurrency industry is growing across multiple facets, including tokenized real-world assets, futures and spot ETFs, stablecoins, Artificial Intelligence (AI), and its convergence with blockchain technology, as well as the dynamic decentralized finance (DeFi) sector.
Bitcoin eyes $100,000 amid Arizona Reserve plans, corporate demand, ETF inflows
Bitcoin price is stabilizing around $95,000 at the time of writing on Tuesday, and a breakout suggests a rally toward $100,000. The institutional and corporate demand supports a bullish thesis, as US spot ETFs recorded an inflow of $591.29 million on Monday, continuing the trend since April 17.
Meme coins to watch as Bitcoin price steadies
Bitcoin price hovers around $95,000, supported by continued spot BTC ETFs’ inflows. Trump Official is a key meme coin to watch ahead of a stakeholder dinner to be attended by President Donald Trump. Dogwifhat price is up 47% in April and looks set to post its first positive monthly returns this year.
Cardano Lace Wallet integrates Bitcoin, boosting cross-chain capabilities
Cardano co-founder Charles Hoskinson announced Monday that Bitcoin is integrated into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities. This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality.
Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge
Bitcoin (BTC) price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.