• SEC delays Ethereum ETF.

• Optimism 4844 savings estimator.

• Paradigm writes on raising the gas limit.

• EtherFi partners with Omni Network

ETH is up 4.5% over the last 24 hours, currently trading at $3,624 at the time of writing.

The SEC postponed its decision on BlackRock's application for a Spot Ethereum ETF. BlackRock filed a Form S-1 with the SEC last November for its proposed iShares Ethereum Trust. The Ethereum ETF would be traded on the Nasdaq once approved. The ETF provides investors Ethereum exposure without owning ETH directly. BlackRock intends to hold actual ETH, which will be held by the Coinbase Custody Trust Company. The SEC has up to 240 days to make a decision on the application. VanEck is one of the first asset managers to apply for an Ethereum ETF. May 23rd marks the final deadline for the SEC to make a decision on VanEck’s Ethereum ETF.

OP Labs introduced the Superchain Savings Estimator, a tool designed to compare transaction fees on OP Stack chains before and after the activation of the Dencun upgrade. Engineers at OP Labs anticipate a significant reduction in transaction fees to cents across all OP Stack chains once blob transactions are integrated. The tool allows users to input any transaction hash to simulate cost savings. Executing a swap on Uniswap on Base currently incurs a cost of about 60 cents, a figure expected to plummet to less than a cent. EIP-4844 blob transactions are slated to go live on Ethereum mainnet on March 13th, with support on the OP Stack coming the following day on March 14th. Users can access the tool at welovetheblobs.xyz.

Paradigm released a research article about increasing Ethereum's block gas limit. The article explores the concept of state growth within Ethereum and its correlation with the gas limit. It distinguishes between state growth, history growth, state access, and the gas limit, each presenting distinctive scalability challenges. The document highlights Ethereum's scaling bottlenecks, hardware constraints, and gas limits, impacting various aspects such as network bandwidth, storage capacity, memory, and IO operations. Proposed solutions to address state growth include rollups, Verkle tries, and state expiry. The article advocates for an empirical approach for increasing Ethereum's gas limit.

EtherFi, the largest LRT protocol with close to $2 billion in TVL, partnered with rollup interoperability protocol Omni Network. EtherFi committed to delegating $600 million worth of ETH to economically secure Omni Network by running as an Actively Validated Service (AVS) on EigenLayer and selecting EtherFi node operators. EtherFi’s eETH is also now supported on the Zircuit LRT restaking protocol.

• UF issues first grant of the year

• Onboard sUSDe to Aave

• TLX council voting

• Alien CryptoPunk sells for 4,500 ETH

• World App crosses 50m txs

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• Goerli deprecation by April 17th.

• Gitcoin 2.0 whitepaper.

• Gnosis Chain reaches 200k validators.

• Lens Protocol reaches 200k profiles.

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In accordance with the Ethereum testnet lifecycle, the Goerli testnet will be deprecated by April 17th. Ethereum core developers had previously agreed to deactivate Goerli testnet validators either three months after the Dencun activation on Goerli or one month after Dencun activates on mainnet. Given that Dencun was activated on Goerli on January 17th, the three-month mark is on April 17th. Developers currently using the Goerli testnet are advised to transition their applications to Sepolia or Holesky testnets before Goerli's deprecation on April 17th. A new Ethereum testnet is rolled out every two years, with a maximum lifespan of five years for each testnet. Optimism will decommission the OP Goerli testnet on March 7th.  The Goerli testnet was initially deployed in 2019.

Gitcoin unveiled its whitepaper for Gitcoin 2.0, the next iteration of its protocol that introduces new capital allocation mechanisms and extends support to more EVM-based chains. Gitcoin 2.0 shifts operations onchain, including governance, grant creation, management, and fund disbursement. It also introduces Direct Grants and Retro PGF as funding mechanisms Gitcoin 2.0 takes a modular approach to capital allocation, powered by the Grants Stack. The framework empowers communities to design custom mechanisms for fund distribution within their ecosystems. The whitepaper for Gitcoin 2.0 is now open for community feedback, prior to being ratified by Gitcoin Governance.

Gnosis Chain reached 200,000 validators on its PoS network, making the second-largest chain in terms of validator count, second only to Ethereum. Gnosis Chain, previously known as xDAI, is an EVM-compatible sidechain that uses DAI as its native gas token. xDAI was acquired by the Gnosis ecosystem in 2021. The sidechain shares the same architecture as Ethereum and is committed to Ethereum's values of decentralization, neutrality, and diversity. Gnosis Chain makes home-based validation more accessible by only requiring a single GNO token to become a network validator.

Lens Protocol achieved 200k minted profiles on its open social-graph network. The accomplishment follows a surge of over 60,000 new profiles since the protocol went permissionless earlier this week. The permissionless launch enables anyone to mint a Lens Profile for 8 MATIC. Profile NFTs are built on the ERC-6551 standard, enabling content to be owned by the Profile NFT. Lens Protocol has been live on Polygon since February 2022.

• Nethermind v1.26.0-exp.3 release

• Coinbase smart wallet demo

• RetroPGF3 learnings

• ePBS and ETs discussions

• Caldera Contributor Program

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• Robinhood Wallet will support Arbitrum.

• Coinbase introduces a smart wallet solution.

• Blast goes live on mainnet.

• Starknet introduces the Stwo prover.

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Harpie is an onchain security solution that protects your wallet from theft in realtime. Harpie helps you detect and block suspicious transactions before they execute, safeguarding your assets from malicious attacks and scams. Try Harpie for free at harpie.io/ethdaily.

Robinhood announced that its non-custodial wallet is set to integrate swaps on the Arbitrum One network. The move aims to provide low-cost and high-speed transaction capabilities to over 2 million Robinhood Wallet users. The wallet currently supports assets across Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base. While the activation is not live, it is anticipated to roll out in the coming months. Robinhood is a leading stock, ETF, options, and cryptocurrency trading service provider. Arbitrum One, developed by Offchain Labs, stands as the leading optimistic rollup L2 network, boasting the highest TVL of more than $13 billion.

Coinbase introduced smart wallet support within the Coinbase Wallet SDK, enabling developers to seamlessly integrate instant wallet creation into their dapps requiring only a passkey. The solution eliminates the need for seed phrases and allows users to use their assets across any dapp integrated with the Coinbase Wallet SDK. The feature is live on the Base Sepolia testnet. Coinbase Wallet as a Service (WaaS) allows developers to design embedded wallets with web2 login methods such as email or social login. Coinbase is providing gas credits through Coinbase Cloud to developers who are building smart wallet integrations and infrastructure.

Blast, an EVM-compatible optimistic rollup offering native yield, has officially launched on mainnet. The milestone unlocks assets worth $2.3 billion, previously deposited by early adopters farming for Blast Points. Users can now add the Blast Mainnet RPC to their wallets to migrate their deposited assets to the L2 network. Blast also announced new incentives for users who bridge to Blast Mainnet and engage with dapps on the rollup. However, the Blast Points airdrop cannot be claimed until the TGE event in Q2 of this year. Applications now live on Blast Mainnet include Bebop, Zora, Relay, Rhino.fi, ZeroLend and Ambient Finance.

Starknet introduced Stwo, an open-source prover implementing the Circle STARK protocol.  Stwo improves proof performance, making it more efficient and versatile, and will be compatible with the Cairo code of Sierra. The advancement allows for the use of a highly efficient prime field called M31, which was previously incompatible due to mathematical constraints. The end result is faster and cheaper transactions for users and improved scalability for applications. Starknet is Starkware’s permissionless ZK-Rollup-based L2.

• Ondo introduces Global Markets

• OpenZeppelin releases Contracts v5.0.2

• Rarible releases an API

• OP Delta cost savings

• Lens reaches 54k new profiles

• ezETH bridge on Arbitrum

• Delivery at Dawn short film NFT

• Alchemy unveils embedded accounts

• EF Next Billion Scholars Journey

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