Key news in Ethereum ecosystem from last week
June 18- June 24
TL;DR
ZK launched and started trading.
The US SEC enforcement division ended its investigation into Ethereum 2.0.
EthereumSydney released a video sharing its Sydney offline event.
Ethereum developers aimed to launch the next dedicated testnet for the Pectra upgrade next week.
Bitwise's latest Ethereum ad could be minted as an NFT, with 50% of the proceeds donated to the Protocol Guild.
The Ethereum Layer 2 network ZKsync token ZK launched on June 18, with ZK's market capitalization surpassing $935 million on the first day and its fully diluted value reaching approximately $5.3 billion. The maximum supply of ZKsync tokens was 21 billion, and the current circulating supply exceeded 3.6 billion tokens.
The US Securities and Exchange Commission (SEC) enforcement division announced the end of its investigation into Ethereum 2.0 on June 19, meaning the SEC would not accuse Ethereum's sales of being securities transactions. Consensys stated that this move was a "significant victory" for the industry. The founder of Consensys mentioned that they still planned to advance litigation with the US SEC to seek more legal clarity. Currently, several spot Ethereum ETFs had been listed on the DTCC website, and 21Shares, Grayscale, and others had submitted amended S-1 forms for their spot Ethereum ETFs to the US SEC, none of which disclosed the product's fees.
EthereumSydney released a video sharing its Sydney offline event on June 20.
The 190th Ethereum All Core Developers Execution (ACDE) call focused on discussing EIPs 7251 and 7702, the Ethereum Virtual Object Format (EOF), and PeerDAS. During the meeting, Beiko also proposed a new EIP discussion template and emphasized the importance of the Ethereum developer resource page "eth-clients".
Developers aimed to launch the next dedicated testnet for the Pectra upgrade next week. Compared to the previous testnet Devnet 0, the new testnet had the following main specification changes:
Added EL-triggered validator consolidations.
Replaced EIP 3074 with EIP 7702.
Paradigm released Alloy v0.1 on June 18, a codebase for interacting with Ethereum. Alloy was a complete rewrite of the low-level building blocks needed to interact with EVM blockchains, from RPC types to ABI encoders and primitive types, intended to replace ethers-rs. Alloy v0.1 included all utilities needed to interact with EVM-based blockchains, multiple API improvements, and new features. As part of this release, Paradigm also officially stopped maintaining ethers-rs and encouraged everyone to migrate to Alloy.
Paradigm also released and open-sourced Revmc, a compiler for lowering EVM bytecode to native code, showing improvements ranging from 1.85x to 19x in various real-world EVM benchmarks. They also integrated Revmc into Reth and successfully synchronized the chain. Next, they planned to integrate Revmc into OP Reth for L2 use, with improvements to be seen in compute-heavy workloads.
According to Dune data, the total amount of staked ETH on the Ethereum Beacon Chain reached 33,215,233 ETH, accounting for 27.72% of the total supply. Among them, the staked share of the liquid staking protocol Lido was 28.78%. Additionally, there was a net inflow of 15,049,243 ETH since the Shanghai upgrade.
The latest Ethereum ad released by US spot Bitcoin ETF issuer Bitwise on June 20 could be minted as an NFT, with 50% of the NFT proceeds donated to the Protocol Guild, a collective fundraising mechanism created by core Ethereum contributors. Bitwise's ad depicted a conversation between a casually dressed young man representing Ethereum and an older man in pajamas with business attire representing "Big Finance," who jumped into bed after trading hours. Bitwise stated that the remaining 50% of the NFT proceeds would go to the ad's two actors, Jamie Kaler and Michael Tacconi.
About ETHSydney
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