Ethereum Pectra Devnet Launch Coming Soon: Will ETH Head Higher?
In addition to the market recovery, the growing interest in Ethereum [ETH] has helped it surge in the past few days. The upcoming Plectra update could further help Ethereum gain popularity.
Developers Continue Their Work
During the 137th All Core Developer Consensus (ACDC) call, the main focus was on the progress of the two testnets, Pectra Devnet 1 and PeerDAS Devnet 1.
Pectra Devnet 1 is about to be released, and both the Consensus Layer (CL) and Execution Layer (EL) clients are ready. The Ethereum Foundation DevOps team is rigorously testing various client combinations to ensure compatibility and stability.
In addition to the testnet updates, the call also discussed the research of the TxRX team at Consensys into fork choice testing.
Their newly developed test generator is designed to identify potential bugs in client software and deviations from the CL specification.
The successful launch of Pectra Devnet 1 is an important step in the Pectra upgrade, which is expected to bring several improvements to the Ethereum network.
At press time, ETH is trading at $3,455.17, and its price has risen by 1.16% in the past 24 hours. Despite the recent price surge, the network growth of Ethereum tokens has declined, indicating that the interest of new addresses in ETH tokens is gradually disappearing.
In addition, the transaction speed of ETH has also dropped significantly, which means that the transaction frequency of ETH has also decreased.
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If these trends continue, the chances of ETH rising further will be further reduced.
