• Ethereum developers discussed the Dencun upgrade’s activation on the Goerli testnet in their All Core Developers Execution Call. 
  • Developers confirmed the timeline for the Dencun upgrade’s rollout on Sepolia and Holesky testnets. 
  • Ethereum Dencun upgrade is likely to see its mainnet release in March, despite a lack of Layer 2 readiness. 

Ethereum core developers are committed to the Dencun upgrade’s testnet timelines. Despite the issues that arose on the Goerli testnet, the timeline has remained unchanged for Sepolia and Holesky testnet release of the upgrade. 

Core developers picked 30 January for Sepolia and 7 February for Holesky rollout of the Dencun upgrade. 

Also read: Lido DAO Community Staking Module to make mainnet debut in the second half of 2024

Ethereum developers set fixed timelines for Dencun upgrade

Ethereum developers stayed committed to the Dencun testnet timeline, according to the All Core Developers Execution call number 179. The timeline for testing remains unchanged and Galaxy Digital’s Christine Kim believes the likelihood of mainnet activation for the upgrade by the end of March is now 60%. 

Layer 2 chains are not currently ready for the upgrade, however, developers are moving ahead with the testnet releases in the next three weeks. It is likely that Dencun goes live on mainnet as early as February if the upgrades on Sepolia and Holesky do not encounter issues. 

Developers are likely to run additional tests and Layer 2 chains may want to perform client releases on Sepolia and Holesky before the mainnet upgrade. If this occurs, then the likelihood of mainnet release in February is limited to 30%.  

The implementation of EIP-4844 is expected to boost the features of Ethereum and drive adoption of the chain.

ETH

Expected Impacts of EIP 4844. Source: Galaxy Research

If major bugs are discovered in either of the two testnets, Dencun’s arrival on the mainnet could be delayed from March to April. 

Key dates to watch out for are January 30 and February 7, dates for the Sepolia and Holesky forks.


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.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Crypto analyst says Bitcoin bottom is very close, another correction in BTC likely

Crypto analyst says Bitcoin bottom is very close, another correction in BTC likely

Bitcoin is trading above $67,000 on Sunday after securing support at $65,000. While BTC holds its gains steady, analysts evaluate the price trend of the largest asset by market capitalization and predict a deeper correction in Bitcoin. 

More Bitcoin News

AI tokens could really ahead of Nvidia earnings

AI tokens could really ahead of Nvidia earnings

Amidst other narratives, AI tokens could gather momentum with the upcoming earnings result of NVIDIA next week. The $2.3 trillion company’s stock emerged as a poster child for the crypto AI sector and gains in the stock catalyzed a rally in cryptocurrency tokens. 

More Cryptocurrencies News

Whale rotates capital from WIF to TREMP and BONK, Solana meme coins make comeback

Whale rotates capital from WIF to TREMP and BONK, Solana meme coins make comeback

Lookonchain identified a large wallet investor who rotated capital from Solana based meme coin Dogwifhat to Doland Tremp and Bonk. The two meme coins have added double-digit value to their prices in the past 24 hours, as seen on CoinGecko. 

More Solana News

Crypto political donations surge to $94 million pre election, exceed previous elections by 13%

Crypto political donations surge to $94 million pre election, exceed previous elections by 13%

Crypto industry giants supported political campaigns in the US looking for pro-crypto governance in the US. A Bloomberg report from May 17 shows that crypto donors have spent $94 million in an effort to get pro-crypto regulation in the US. 

More Cryptocurrencies News

Bitcoin: Is BTC out of the woods? Premium

Bitcoin: Is BTC out of the woods?

Bitcoin (BTC) price action in the past two days has confirmed the resumption of the bull run. However, BTC needs to clear a few key hurdles before investors can go all-in. 

Read full analysis

BTC

ETH

XRP