ethPandaOps Xatu Data Collection Initiative
A program for node operators to contribute valuable data about their validators for research.
ethPandaOps Xatu data collection initiative.
Sigma Prime releases v1 multiproof library.
EigenLayer discloses a 1.6M EIGEN loss.
Form Network introduces FETH
ethPandaOps introduced the Xatu data collection pipeline, enabling community members to contribute valuable data for research on home node operators. Data is collected by running a Beacon node and the Xatu sentry sidecar, with all data anonymized and redacted before it is published. Contributors can participate by running Xatu sentry. Initially, data contributions are limited to trusted community members, with plans to expand access in the future. The system allows node operators to configure and maintain privacy settings, giving control over the type of data that is shared. ethPandaOps is an Ethereum DevOps team that provides resources for testing protocol upgrades.
Sigma Prime released v1.0.0 of its multiproof library for generating Merkle proofs. The update introduces MerkleGen v1.0.0, enabling the generation of MultiProofs for multiple leaves and SingleProofs for individual leaves in a Merkle tree, providing auditors and developers with greater flexibility for testing Merkle Trees. The release also includes enhanced testing and complete documentation, including renamed functions for improved readability.
EigenLayer revealed that 1,673,645 EIGEN tokens were lost to an attacker who compromised an email communication thread related to an investor’s token custody transfer. The EigenLayer multisig ultimately approved the token transfer to the attacker's address. The attacker then sold the EIGEN tokens for stablecoins using MetaMask Swaps and moved the funds to centralized exchanges. EigenLayer assured users that the breach was an isolated incident and unrelated to the protocol itself, noting that some of the funds have already been frozen. EigenLayer faced criticism for distributing investor tokens directly to EOAs on Friday morning instead of using onchain vesting contracts to ensure no unauthorized sales are possible.
Form Network, a social-centric Layer 2 built on the OP Stack, introduced Form ETH, its native yield-bearing asset. Form also launched an early depositor program, offering Form Points to users who deposit assets ahead of its upcoming governance token launch. The network introduces bonding curves for SocialFi creator tokens and leverages Celestia for data availability.
ACDC #143 recap
LsETH turns 2
Synthetix approves referendum
Interface introduces a trades page
The Rollup launches a venture arm
Payy Network uses Celestia
Jelly Beans predictions game on OP
Symbiotic account compromised
Visa Tokenized Asset Platform
Banks will be able to issue, mint, burn, and transfer fiat-backed tokens onchain, such as stablecoins, on the platform.
Visa introduces a Tokenized Asset Platform.
Bungee introduces the Bungee Protocol.
Vitalik suggests lowering the staking requirement.
Visa introduced the Visa Tokenized Asset Platform (VTAP), a new solution enabling banks to issue, mint, burn, and transfer fiat-backed tokens onchain, such as stablecoins. Banks will be able to experiment with tokenization in a sandbox environment, with a live pilot expected in 2025 through the Visa Developer Platform. VTAP supports integrations with traditional financial systems, smart contract functionality, interoperability across networks, and cross-chain token transfers. The platform aims to connect fiat currencies with blockchain-based assets, helping banks and financial institutions expand into onchain services. Spanish bank BBVA is already testing token issuance using VTAP, with plans to pilot a token on Ethereum in 2025.
Bungee, a cross-chain bridge aggregator, introduced the Bungee Protocol, a liquidity marketplace enabling users to perform actions across chains without the need to bridge or pay gas in native tokens. Users can simply sign gasless requests for actions such as swaps, deposits, or NFT minting, and an offchain agent will execute it. Built on Socket Protocol’s chain-abstraction infrastructure, the protocol uses Modular Orderflow Actions (MOFA) to allow solvers, provers, and fillers to execute user requests. The marketplace aims to scale actions across thousands of chains. Users can claim "Bungee balls" for early access to the platform.
In response to discussions about minimum bandwidth requirements for solo stakers, Vitalik Buterin highlighted that the 32 ETH minimum staking requirement poses a greater barrier than bandwidth limitations. He proposed a potential trade-off: increasing bandwidth requirements while reducing the minimum stake requirement to 16 or 24 ETH. Currently, 32 ETH is both the maximum and minimum staking requirement for running a validator. The upcoming Pectra upgrade will introduce support for Max EB EIP-7251, allowing large staking providers to consolidate up to 2048 ETH per validator, though the 32 ETH minimum will remain in place. Buterin also suggested a future scenario where the minimum deposit could be reduced to as low as 1 ETH, contingent on the completion of PeerDAS and Orbit SSF, which are expected to ease bandwidth demands.
Conduit Supports OP Succinct
OP Stack chains on Conduit can now convert into Type-1 zkEVMs with minimal effort.
Conduit supports OP Succinct.
Insights on local block-building reorg rates.
Base increases its gas target to 12 Mgas/s.
OP seeks retro funding guest voters.
Rollup-as-a-Service provider Conduit now supports OP Succinct technology, enabling custom OP Stack chain deployments to upgrade from optimistic to ZK. With the integration, developers can easily convert new or existing OP Stack chains into Type-1 zkEVMs with minimal effort. OP Succinct leverages Succinct's SP1 prover to validate the State Transition Function (STF), delivering sub-cent transaction fees, fast finality, and reduced transaction proving times. It also significantly shortens the withdrawal delay from seven days to just minutes, while maintaining full EVM equivalence.
Ethereum researcher Toni Wahrstätter published an article on the impact of increasing blob throughput on local block builders. He noted there is a strong community sentiment against sacrificing solo staker participation for linear scaling improvements. Wahrstätter found that solo stakers tend to miss more slots and experience higher rates of block reorgs compared to professional stakers. He also found that local block builders miss more slots than those using MEV-Boost. The article comes amid ongoing debates about the effects of a potential blob base fee increase on bandwidth requirements for home stakers. Wahrstätter raises the question of when the decentralization offered by lower-bandwidth solo stakers outweighs the constraints on Ethereum's scalability.
Base increased its gas target by 1 Mgas/s, bringing the target to 12 Mgas/s as part of a systematic approach to gradually enhance the network’s capacity. The incremental increase is part of a weekly increase commitment with the ultimate goal of reaching 1 Ggas/s. By ramping up the gas target, Base aims to reduce congestion and enable more transactions to be processed within each block.