NEWSLETTER
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ethereum developers have been blocked on May 7, 2025, such as the launch date of the next network update, pein.
The decision was made during a central developer call On April 3, after a successful test at the Hoodi Testnet, the third and latest dry execution of the Upgrade. The Hoodi Testnet is now ready to start Mainnet after the developers solved errors that caused delays before.
Pin combines two significant updates, Electra and Prague, in a single version. It has 11 proposals to improve ethereum (eth), which will help improve the speed, safety and experience of the network user. ethereum wallets will be able to wear smart accounts thanks to an important update. Smart wallets are easier to use and recover if users lose access.
Another remarkable improvement is EIP-7251, which increases the rethinking limit by validity of 32 eth to 2,048 eth. This update is expected to simplify participation for institutions and large holders by reducing the need to execute multiple validator nodes.
It also presents other important features, such as data availability sampling, which allows nodes to validate transaction data without storing everything, and Verkle trees, which help the network to store data more effectively.
Although ethereum is progressing in its development, the performance of its market has been poor. At the time of writing this article, eth is quoted at $ 1,804 after 45% in the first quarter of 2025.
The revenues of the transaction rates fell from $ 142 million in January to only $ 21 million in March, according to defillama data. In addition, the ethereum burning rate has fallen to its lowest point since August 2021, and from the EIP-1559 update, the general supply has increased by 3%.
Despite these decreases, ethereum exceeded the BNB chain (BNB) and Solana (Sol) in March in terms of decentralized exchange volume, registering $ 64 billion. The developers believe that the pein update will help the network to attract new users and increase market confidence.
