Core dev updates, ETH demand and more - The Daily Gwei Refuel #842 - Ethereum Updates
Tuesday, 15 July 2025 · 2 min read · Listen to the episode ↗
The discussion highlights key Ethereum protocol updates, including the For Saka launch by 2025 and the importance of EIP 7983 for scalability. There's a significant focus on ETH's growing status as a store of value, spurred by demand from ETFs and institutional investors. Additionally, the advancements in Layer 2 solutions and the development of a roll-up-centric roadmap emphasize Ethereum's increasing scalability and market potential, positioning it as a pivotal player in cryptocurrency and blockchain technology.
Dan discusses rapid developments in Ethereum, focusing on core protocol updates and the interconnectedness of Ethereum technology and asset demand. Key updates include the anticipated launch of For Saka by late 2025, led by Pia Das, and GlamsterDAM scheduled for next year. Insights from Lattice Laws reveal that protocol research is ahead of development, with a timeline for an L1ZKEVM now set for 2027.
He shares updates on EIP 7983 regarding the transaction gas limit cap and introduces bloatnet.info, a new website aimed at improving Ethereum's scalability. The importance of EVM resource pricing and Layer 2 interoperability is highlighted, along with a new tool for ranking EIPs based on importance. The speaker emphasizes the significance of EPBS for future ZKEVM developments, placing it in S tier due to its technical benefits, while reducing block latency is categorized in A tier.
A new dashboard from the Grow the Pi team tracks Ethereum's performance, noting its 100% uptime and fluctuations in transactions per second. The announcement of the Raya chain, a new base roll-up, aims to enhance internet capital markets on Ethereum, emphasizing the advantages of a roll-up-centric roadmap.
The conversation shifts to Ethereum's evolving perception, particularly following Fidelity's recognition of ETH as a store of value. This acknowledgment reflects a broader market shift, with ETH estimated to be 90% of the way to becoming a recognized store of value. The potential future value of ETH as a programmable store of value is projected to reach tens or hundreds of trillions.
The influence of public figures on Ethereum's perception is discussed, along with the growing accessibility of ETH through Layer 2 solutions. A comparison of net new ETH issuance and ETH ETF inflows reveals significant demand, with ETH ETFs purchasing more than the net issuance since the merge. The trend of Treasuries acquiring ETH is viewed positively, with SharpLink Gaming making substantial purchases.
Current ETH prices are around $3,000, reflecting an upward trend, with reduced new ETH issuance due to the merge and EIP 1559. The demand for ETH is substantial, with billions in new buy pressure anticipated weekly. Predictions suggest aggressive repricing of ETH, potentially exceeding $4,000, underscoring the critical role of demand in driving prices.
This summary was generated from the episode transcript and can contain mistakes.