Updated Ethereum roadmap, EF stakes ETH and more - The Daily Gwei Refuel #860 - Ethereum Updates

Transcript

Hello everyone and welcome to another episode of Del Refuel where I recap the latest news in the ecosystem. I'm your host the 4th of March 2026. All right everyone, let's get into it. So, apologies for missing the last uh two days. Uh obviously I'm supposed to do a refill on Monday, but the last two days have just been quite busy for me. So, I've only gotten around to doing one today, but there is a lot to talk about actually. Uh I was going back and getting all the content to record today's episode uh just before and I was like, "Wow, a lot happened." Uh and that's probably because it's been a week and a half since the last refuel. But uh regardless, I'm excited to dive in. So, first things first, the road map update that I was or the protocol road map update that I was teasing, I think the

last two refills was finally published. So, Justin Drake put together a nice tweet going over what this is, which you can read. I'll link it in the YouTube uh description below. Uh but there is a website for it called strawmap.org. Uh and you can go here and you can see the road map. Basically, I guess as a as a uh highle overview here, it's essentially a road map from I guess this year 2026 to 2030 and beyond. Now, I expect this to continuously be updated. It's not going to be like I guess the road map of old which was Vitalik's uh diagrams that he would update every so often and put on Twitter. This is a website that is maintained by the EF architecture team which includes Justin Drake, Ansgar, Barnaby, and Franchesco.

uh and they're going to be updating this, you know, as time goes on. Now, I'm not going to go through everything on obviously this road map here, but if you go to the website yourself, you'll be able to see that a lot of it is stuff that I've spoken about on the refill before, and a lot of it is stuff that just gets spoken about in the community generally. And nothing on this uh road map, at least from what I could tell, is like net new. Like there's nothing on this that we haven't already kind of had posts about or discussions about in the past. Um, but there are, I guess, like some differences between how I've discussed them in the past. I think the biggest thing, uh, and the thing that that made me kind of go, okay, that that's that's new and interesting, is

this kind of thinking emoji face. Now, you probably can't see it on my screen cuz it's quite small. Maybe I can zoom in here. Uh, no, zooming in doesn't really work. It just zooms in the um uh everything else except the uh the map here, but you you'll see it if you go to the website. There's like a thinking emoji on a few different things on the um on the road map here. Now, uh they've kind of put this at the bottom here. What this means, it means there's uncertainty about this ever shipping. Like, so it's something that's there, but it may not ever make it into the Ethereum protocol itself. In terms of things that you may have heard of before, uh and and things that I guess have been on the road map for maybe a little while now that has this thinking

face on it, uh APS. So APS has been talked about a lot in the context of uh I guess uh you know things like a testers and what p what powers or what duties they have within the Ethereum protocol. So APS might have been something that you've kind of heard about there. Uh but most of the other stuff I think is very kind of I guess exotic research. Uh, and that's why it's got the thinking face here because it's like, well, we don't even know if we either want this or if it's even possible to do in line with everything everything else because you got to obviously remember that everything has to work with everything like that that everything has to be compatible with everything. We can't ship something if

it's just going to break something else without either modifying that something else or removing it. And then obviously we would want it to be a net benefit here. And that falls into the three different categories of the road map, which is, you know, a nice kind of segue into the three different categories here. Um, so as you guys know, we have the consensus layer and the execution layer. That's been around for a while now, obviously, uh, since the merge. Uh, but even before that, we had a separate consensus layer and a sep separate execution layer um, uh, with with the beacon chain and with the normal Ethereum chain. But the normal kind of ETH1 chain had a consensus engine in it of itself, obviously with the proof of work. But now we have just the one unified chain and it's the CL and E there. Um the third layer that is kind

of I mean this is already a thing like this is not a new layer but it's kind of been split out into its own layer here is the data layer. Now this encompasses things like blobs uh which obviously we we know a lot about already. It encompasses things like call data uh which is I guess like which was the precursor to blobs and is still around today and is still used today. uh and it covers uh you know everything in between uh you know and and it and it kind of relates to the other layers like the consensus and execution layer here. So yeah, this is a huge road map guys like you know there's a there's a bunch of items on here. I don't know how many items there are on here. Um but like each of these items in of itself is a

huge lift I think. Uh, you know, we've got things like everyone's favorite like shortening slot times. We've got fast finality. We've got improved um obviously padas. We've got gigas or terra gas uh uh sorry, gigas um L1. We've got uh I'm just I'm just reading off here. We've got like account abstraction stuff. We've got uh binary trees. There's there's so much stuff here, guys. And like I I wouldn't even claim to understand half of it in depth. like I understand high level a lot of these things but I wouldn't claim to understand half of it in depth here. Uh and of course as I said at the beginning this road map is from this year to 2030 plus and then at the top here underneath the years you can actually see where these upgrades are I guess like

speculatively slotted in or where these kind of um uh EIPs well they'll eventually become EIP if they're not already are slotted in into each upgrade. Now, we can only really ever look maybe two upgrades uh in advance with relative certainty. maybe three in terms of like we look at the first two that are upcoming like Amsterdam and Hegata for example and we have a general idea of what's going to go in those but then once you start getting you know past that with IR jar and so on and so forth it becomes a lot more speculative as we've seen in the past things can get dropped things can get added you know uh and and and things can change quite dramatically there but under each of these uh uh I guess like headlines here um I shouldn't say headlines headings uh

such as star A star, Kstar, all the way to Mstar, and then in the then after that it's labeled as longer term. There are these different upgrades underneath each of them. And again, I would say this is just a speculative thing here because it I guarantee you that it's not going to be like this. There's going to be some that go in later, some that come in sooner, but still, it's a good little road map here that shows us what's coming regardless of where it goes. Uh, which is which is really, really cool. So you can also see down the bottom there uh they've got like a color coding happening across the entire road map and they're explaining it here explaining which upgrades would be north stars for the consensus layer uh well for each layer I should say which ones will be headliners um and which ones are onchain

versus offchain. So this is a pretty comprehensive uh road map here guys. And also some of these have uh kind of links. So if I if I clicked on fossil for example it opens up a um the EIP for for fossil. So you've already got kind of explanations of what these things do embedded here. Uh but you can always go to for the forecast website for a lot of information on this stuff too. Uh but it's just great to have like a single repository here or a single kind of resource here to see what's happening across the board in terms of the protocol road map. Now obviously this is layer 1. This is the layer 1 protocol.

This is everything happening at layer 1. Uh this doesn't include all the stuff happening at the layer 2 still because that's all managed by their own respective teams, all the stuff happening with the apps, you know, the infrastructure, everything else around the Ethereum ecosystem. This is just the core protocol, but of course the core protocol touches everything. So it's good that we have this very transparent, very cool, in my opinion uh road map here. So we can go give Justin Drake's uh tweet a read. It gives a lot more context around this uh which you know I I got really bullish reading it to be honest. Justin Drake always manages to bull me up. Uh so yeah, I I definitely go recommend going giving that a read.

Uh I'll link it in the YouTube description below. But on top of that as well, Vitalik has been on a massive posting spree lately again, which I always love seeing about some of the core points of each of these kind of roadmap items. So he put out a tweet about the block building pipeline, execution layer changes, account abstraction, uh scaling, um quantum resistance road map, uh and yeah, I think that was the after Justin put this tweet out. He put out all those uh tweet threads there. I'm not going to link them all. I'm just going to, you know, tell you to go to Vitalik's profile and you'll be able to find them there. It's really great that Vitalik is there explaining these things because obviously as we know Vitalik has more reach than than anyone else right uh on

on Twitter on you know in the ecosystem and beyond the ecosystem because whenever Vitalik talks about something sometimes I'll like Google it and then there'll be all these media organizations that report on Vitalic talking about it even though it's nothing new right it's not something that like it may actually be really old like a lot of the stuff that Vitalik actually talks about in these tweets s are very old things like they've been around for many many years like some of them have been around for four or five years but because Vitalik is talking about it the media picks up on it the rest of the ecosystem picks up on it and it gets a lot more traction so I really appreciate whenever Vitalik does this because it makes my job a lot easier as an educator because it means that I come across more people who are already aware

of these things uh and then I can kind of you know maybe educate them a bit further on that but they can say oh yeah I heard it from Vitalic and so on and so forth which is which is great there. So yeah, bunch of reading for you guys to do if you're interested, if you've missed it. I'm sure a lot of you have probably already seen it, but I figured I'd give the shout out there for you guys. You can go check that out there. Moving on from that, the Ethereum Foundation has finally begun staking a portion of its treasury. Now, this was announced a while ago, I believe, maybe even a year ago, that the Ethereum Foundation would be putting their ETH to work in staking. So on the fee on February 24th, they made a deposit of 2016 ETH with the plans for

approximately 70,000 ETH uh to be staked with rewards directed back to the EF Treasury. The effort is being conducted with open source software options like a Durk and Vouch uh by a testant uh and I've spoke about Durk and Vouch before. This is really great for client diversity and client health across the board here, which is really great to see. Um but yeah, that's a that's an enormous amount of ETH, guys. And you know, obviously the Ethereum foundation has changed a lot in the last 18 or so months. I would say even less than that, right? Substantial amount. Like I have not seen the EF change this month since I got into this much since I got into Ethereum in 2017. Um and I think that they've this the biggest change they've undergone since the inception essentially of the Ethereum Foundation, which would have been I mean early 2014

I think or even late 2013 when Vitalic first published that white paper all those years ago. Uh but yeah, this is just another kind of big change that they're they're having here where they're basically saying that, you know what, like credible neutrality is great and we want to keep that. And that was their their reason for kind of not staking their ETH before. They didn't want to like be in the decision-m process directly or be, you know, part of uh be a kind of centralizing force there. But 70,000 ETH, guys, like that's literally a drop in the bucket when it comes to the amount of validators they will have on the network. I would argue obviously that the their social power trumps their economic power here by a lot because they're the Ethereum Foundation. They have a lot more social credibility um than any other I guess

Ethereum participant Ethereum entity. So them staking 70,000 ETH is literally meaningless meaningless in the scheme in in in the kind of context of their control over the network or any kind of control they could uh kind of put on the network here because you know if uh you know if if they if they stake this 70,000 E which they plan to do I mean if I go to Hillby's E2 staking dashboard here and I'll bring it up for you guys on my screen um you you'll see here the total ETH staked is 37,533,000 70,000 as a percentage percentage of that is nothing, right? 70,000 as a percentage. I'm not going to do the math like live. I'm just going to Google it on my other screen here. 37 70,000 um as a percentage of 37 million is uh 0.18%.

Right? It's nothing. It's a rounding error. I know we would all love to have 70,000 ETH, mind you, but I meant in the context of how much ETH is staked. It is an absolute rounding error, guys. And obviously what's really nice is that this ETH is being staked uh not with Lido, not with Binance, not with any of these major providers here, but on you know on their own with their own setup here. So that's really great to see. And if you were to go on the kind of rankings in terms of like where the EF would be with uh the amount of Estings, uh they would be number 27 I believe uh or sorry 28. So they'd be 28th on the leaderboard. That's again it's just it's not even worth considering given that the Ethereum Foundation has an substantial more social kind of clout

and social power than they do economic power. So definitely not worth kind of discussing that there but still great to see. Kudos to the EF for that there. All right, moving on. The Ethereum protocol or sorry I should say Ethereum Foundation protocol support team now has its own website which is great to see. I remember I shouted out to you guys that they have a Twitter account that you can go follow. It is criminally underfooted. 776 followers. That's pathetic. Like this team is awesome. They're the team behind Forecast, guys. Like, you have to go give them a follow. Do that. And then also check out their website. Uh, you know, I'll bring it up on the screen for you guys to to to see. Um, but this team is really critical for Ethereum kind of protocol development and the Ethereum ecosystem uh more widely. They do a lot

in the background, guys. Like I know they've got forecast, which is obviously something that we're all well aware of. we all um are kind of uh uh looking at we're all kind of using as a resource, but they do so much more in the background. And uh they detail that on this website here. They they basically run through everything they doing. So you don't have to take my word for it. You can actually just go here and learn about them uh for yourself. And you can also learn about how to contribute as well cuz this is not just their their team. You can also contribute to this if you want as well. So they've got a a page for that. And of course, they've also got a page for the team here. So, you can see their team members. There's currently six uh core team members of of

this team here. But at the same time, as I said, you can contribute as uh as as as just a regular person. Like, you don't have to be part of the team to to contribute. It's an, you know, we're all about open source here, guys. We're all about uh you know, having everything open and everything uh being able to be contributed to by anyone. But I mean like now that I've got the team in front of me, I'm just going to give them a huge shout out because I use Forecast all the time as you guys know. Um, so Nixo, Josh Davies, Mark Gera, I I hope hopefully I pronounced the surname right there. Mario Havl Buddha and Dionus, Dionus. I pronounced that wrong. But like, you know, these these six people like huge kudos to you. huge thanks to you for uh you know putting together the

the forecast website of course, but everything else that you're doing just great uh to have you guys helping out and doing all the great work there. Um but yeah, you guys can check out the website if you haven't yet. I'll link it in the YouTube description below for you to do so. All right, something that I didn't cover on the last refuel, which I should have covered because I don't know how I missed this, but like it happened on February 18th. There is a new team that the Ethereum Foundation put together called the platform team, which I believe is being headed up by Josh Rudolph here. Now, uh, as you guys know, Josh Rudolph has been involved with Ethereum for quite a while. I've been covering his tweets for quite a while.

he's been quite involved in involved with the stuff around the user interface experience and the user experience um uh with regards to Ethereum like things like account abstraction stuff like that. Uh so essentially what this team does or what it's kind of uh I guess like core goal is is to deliver the strongest possible Ethereum platform where L1 and L2s are best positioned to support users, apps and all groups building on Ethereum. There's a little thread here about this as well as a blog post about what these guys are going to be doing. But this is also another team I think has needed to exist for a little while now. And you know, if there's one criticism of Ethereum that I see kind of pop up a lot, and I also somewhat resonate with, I have my own

reservations about this argument, but I somewhat resonate with this kind of argument or criticism, whatever you want to call it. Ethereum is really good at building infrastructure, right? It's it's really good at building things that are stable, secure, but when it comes to building, I guess like user experiences and building something that's more like I guess product focused, it's definitely an area that the Ethereum ecosystem lacks in. Now, I would say that there's a lot of apps on Ethereum that have filled kind of this role and built out these things. But the problem is is that like if they don't get the relevant support or I guess like relevant upgrades happening on the Ethereum core side or the Ethereum protocol side, it becomes hard for them to do their job.

And account abstraction is the biggest thing here, right? Like I think that you know to me it's not a huge issue especially when gas fees are low that you have to like approve a token for for for transfer for all the protocols you interact with. So it's like instead of one click to swap it's like two clicks to swap or something like that. To me, that's not a huge issue because like I don't like honestly, it really doesn't matter to me that much. Like I'm I'm a power user. I guess it really doesn't matter. But for like the average user, it's definitely a a huge friction point. And that's what we've been trying to solve for a while. Uh and there's a bunch of different reasons why this friction point exists and and why it actually exists for for real reasons like security reasons, right? But also

why it's been so hard to kind of remove that. Um, I think that it's a mixture of kind of technical difficulties and technical kind of considerations, but also social and coordination issues that hopefully the platform team can uh kind of work on and and resolve so that we can improve the user experience of Ethereum across the board. And I'm talking about I guess like Ethereum L1 here. Like the L2s, they are responsible for their own experience a lot of the time. Uh, and they've solved one I guess side of it, which is the speed of transactions. Obviously, Ethereum L1 has its own robot for that with faster slots, but even if we get to 4 secondond slots, I think that's going to be the lowest we get. It's never going to be as fast as the L2s, which is, I guess, fine and the whole point. Um, and we're also

going to have like things like pre-confirmations on L1, but we do need to make those things easier to use as well, right? So, when you take all that together and and you you you kind of think about it as a holistic thing, you do realize that we we need a team like this. So, I'm glad that the EF has put this team together. I'm glad it's headed up by people who have a lot of experience with this stuff and I wish them all the best with this and wish them luck with this. So, I just wanted to to cover that there uh for you guys. Now, next on the agenda, speaking of teams that the EF is putting together, they have a I believe this is a new team focused on DeFi within the Ethereum Foundation. So, Charles St. Lewis here who is uh someone who's worked in D5 for

quite a while. So he worked since m you know make a dowo uh and then went into working on delia which I believe wound down recently. I just didn't find product market fit but he has a lot of experience within defi has joined the ethereum foundation uh alongside I think a couple of other people to head up their oh alongside one other person sorry to lead their defi initiative. Now this is some uh Ivangby I think that's how you say it. I'm mispronouncing it again of gearbox protocol. So he co-founded Gearbox pro gearbox protocol not gearbox protocol um and you know he's been in DeFi as uh for a long time as well. So I think this is a really great initiative from the Ethereum Foundation as well because again the

Ethereum Foundation has come under a lot of criticism in the past for not caring enough about DeFi or not focusing uh too enough on DeFi. Well, I think that tune has changed a lot in the last 12 months and with this new team going forward, I think that DeFi is going to be deeply embedded within the Ethereum Foundation and also be deeply embedded across everything that the Ethereum Foundation is doing and as it should be. I think that you know DeFi is as you guys know in my opinion is like the thing like it's not the only thing but it is the thing like it's the biggest thing. It's the thing that drives the value to these ecosystems and it's what enables us to do more of the other things that Vitalik tweets about, right? Like all the um self-s sovereign kind of identity stuff,

the privacy stuff, the the um decentralized uh document kind of editing like file verse that he shared before. Like all that sorts of stuff, right? Things that empower the individual. In my opinion, they're only possible because of the financial stuff, because of the financial side of things. Because the financial side of things drives the activity, right? right? It drives the interest. It drives the investment in these things. The extreme example of this is the ZK stuff, right? And I've gone through this a lot before, but I just figured I'd bring up this up because it's a pretty good example. The ZK only came so far and so quickly because of the fact that the ZK teams were basically all L2 teams and they were able to raise a lot of money from VCs because VCs were wanted to get a

token and expected a return from it and they were like, "Okay, you know, we'll fund you guys." And then that and then the L2 teams went ahead and worked on all the ZK stuff and now we have ZK stuff that is uh so much farther along than it otherwise would have would have been. So again like we need the DeFi, we need the finance, we need the money, right? We need that stuff to drive the other things. Now there's different kind of I guess like ways of thinking about DeFi. And in this post, uh, it stated that the Ethereum Foundation believes in something called DeFi Punk, uh, which is not finance that's marginally better than Trifi, but finance that couldn't exist without Ethereum. That's in my opinion probably the best approach that the Ethereum kind of foundation could

take here because yeah, it's it's really not just finance that's better than Tradfy, even though that that's a huge thing. Uh and obviously Chadfi is is heavily involved with with Ethereum these days, but finance that couldn't exist without Ethereum because that is the unique value prop, right? Like if you have something that literally can't exist without Ethereum, then you have something that is unique to Ethereum and then you have product market fit for Ethereum. I think that the most obvious example of this is ETH. ETH couldn't exist without Ethereum, right? Like ETH as an asset as the asset that it is with all the properties that it h that it has could not exist without Ethereum. It could exist as an asset on some centralized ledger, right? You could uh like I could spin up a centralized company and say, "Okay, well, people

investing in me, you're investing in ETH shares, but like that's not ETH, right? Like that's not the real ETH." But I could say that, but then it's a very different thing. It's a centralized kind of equity in my business and it's reliant and its value is reliant on the profits that I generate or the revenues that I generate in my business and how far it grows and what the business does and so on and so forth, right? Whereas ETH on Ethereum and the reason why it can only exist because of Ethereum is because Ethereum gives ETH all of its nice properties. It gives it its censorship resistant properties, gives it its secure properties, its decentralization properties, it's uh its um uh economic policy properties, right?

It gives all those nice properties to ETH the asset. So ETH could not exist without Ethereum. That's in my opinion the the most obvious one. But then obviously there's a lot of other things that fall off of that, right? a lot of DeFi things like flash loans that can't exist in tradi like like aentic commerce AI commerce that can't exist in trady but can exist on Ethereum. So those sorts of things is what I guess the Ethereum Foundation wants to target, wants to see thrive, wants to help along. The Trafy stuff is going to happen regardless of what the EF does. I think I think that the protocol upgrades are going to help the Tradfy stuff, but the Trafi is going to come in regardless of if the EF wants them to or not because obviously it's a credibly neutral layer. Trafi is going to get a

lot of value out of it. So, they're going to come in and I think that's the right approach here. I don't think the EF should be interfacing with Trady directly. There's other teams that do that like Etherealize. So, yeah, that's that's my view on that. But you can go give this blog post a read about the uh the DeFi team at the Ethereum Foundation. I'll link it in the YouTube description below for you to do so. Right. Another thing that I didn't cover was Rocket's latest upgrade. So, Saturn 1 is the name of the upgrade. This is their biggest upgrade ever and it's been successfully deployed on mainet. It carries with it a bunch of features like uh an RPL fee switch for ETH validators, mega pools and more which are now all active. Uh and then they say here in 2026 Rocket is still the only fully

permissionless staking protocol. No reliance on AWS or a select few trusted professionals. So Rocketpool was all the rage a while ago, right? like during I guess like the restaking era and like when everyone was talking about staking, Rocket was front and center naturally like alongside a few other protocols out there. But they are right when they say that Rocket is still only the fully permissionless staking protocol. I had hopes for other protocols out there like other LSTs that uh you know that I u both invested in and advised and also just like promoted but some of them didn't work out at all. Some of them have just like completely I guess not found product market fit. Some of them haven't done what they said they were going to do, whether that's because they

don't plan to ever do it or they plan to one day do it. And some of them evolved to look more, I guess, like Lido than Rocket, which is not necessarily a bad thing because Lido itself is also decentralized over time, which has been great to see. But if we're talking about fully permissionless staking protocols on Ethereum, besides solo staking, obviously that's that's completely different, right? That's like solo staking with the the protocol itself. That's uh that's the gold standard. But we're talking about getting as close as you can to that. Rocketpool is it. And I've been a rocket node operator for a while now, and I'm part of the ODA still. Um, and you know, it I would actually argue that it's easier to set up a rocket uh kind of service, be a rocket node operator than it is to set

up a solar staking service, which is kind of funny, but I mean, in my experience, it is. Uh but on top of that, as as is as is stated here, yeah, it's the only fully permissionless staking protocol on Ethereum, and it probably likely will only ever be that like I don't think there'll be any any other protocols that that do it because it's a lot harder to do that. It does stifle your growth a little bit because of the fact that you have to take into consideration decentralization, permissionlessness. You have to kind of work maybe slower than you otherwise would have because of the fact that there's bunch of different considerations here. But regardless of that, Rocketpool's still one of the top staking uh protocols here or top staking entities. If I bring up Hillby's dashboard again, the E2 staking dashboard that he has here, you know,

Rocket's still up there. If I uh where is this? Uh yeah, if I go here, Rocketpool's number 10, right? They have about almost 500,000 ETH staked with them. Now, if you go through this list, right, Lido is obviously still number one. And as I said, they have decentralized over time, but they're not a fully permissionless staking protocol. um at least last time I checked. Maybe they've changed, but I don't I don't believe so. I haven't I don't think I'm that out of date on on this stuff. But then you go down the list, right? Binance Eify Coinbase Figment Kraken, Block Damon, Everstake, Kil before you get to Rocket. None of these are decentralized or permissionless in in my opinion. Some of them are better than others like you know, Ether is better than Binance and Coinbase. But

then you go past Rocket, Bitcoin Sweets, Upbit, OKX, Stakewise. Stwise probably the next one. Um, but they're tiny now. They're, you know, um, they're quite small. Uh, and I don't know that much about stake wise to claim that they're as decentralized or permissionless as Rocket. I don't think they are. And then you keep going. P2P.org, Stakefish, Liquid Collective, Dharma Capital, Mantle, Bits. These are all centralized entities, guys. They're not decentralized at all. And they're definitely not the centralized permissionless staking protocols. So, it is right to claim that Rocket is the only one there. uh and you know kudos to them for staying with it because without them we wouldn't have one on on Ethereum. So yeah, always a huge fan of Rocketool. You can go read um the uh the

blog post here for uh all the kind of um I guess details about Saturn 1. It's quite a quite a lengthy kind of blog post here which is which is great to see uh because it describes everything. Like I read through it and I'm like okay I understand now what's going on here because I kind of fell off on a lot of these things. It's just so hard to keep up with everything. So it was great to great to see this here. So yeah, you can go check this out for yourself. I'll link it in the YouTube description below for you to do so. All right, L2B has launched a new uh I guess page. Yes, page on their website called L2B interrop. So they are going to be giving you all the information that you need about all the different interoperability protocols uh across the

ecosystem because there are a lot of them, right? There are a lot of interoperability protocols, a lot of bridges, a lot of this sorts of stuff. So if you I select a pair of chains here and go Ethereum and arbitrum one you will see a bunch of metrics around it as well not just kind of risks with the different kind of bridges and stuff like that but lots of different metrics like flows uh the tokens that are flowing between them the transfer sizes so on and so forth. uh what what they're doing like is it a burn and mint, is it a lock and mint and what this actually means, right? Um and yeah, there's just like a wealth of information here. But then if you go to the side here and click on lock non-minting protocols, lock and mint protocols, or burn and mint

protocols, you will get like a list of these as well, which is which is really great to see. And I believe, I don't know if it's live yet, I did see this somewhere that they plan to have complete breakdowns of each of these uh bridging protocols as well because uh they say they say here they're currently tracking 22 different protocols, which is a lot, right? Um and and and yeah, they're going to have a breakdown of each of those things like they do for each of the L2s. So huge kudos to them for building this. This again is another kick-ass resource that that comes from them that I think I'm going to be using a lot in the future, especially around I guess like these metrics as well because that's pretty cool to see. Uh but yeah, good job good job L2B team. You're always putting out quality uh resources

for us to to consume here. All right, someone asked the question in the Daily Grade Discord channel the other day uh about kind of talk they wanted me to talk about up previous upgrades, previous EIPs that went live on Ethereum and adoption of these different EIPs. So, probably the main one that I think is worth talking about. I'm not going to talk about them all, but the main one is Max EB. Now, this is the protocol upgrade uh that went live uh a little while ago now, actually quite a while ago now with Pectra, I believe. Was it was it Pectra? I think it was Pectra. um that essentially allowed the maximum ETH per validator to be 248 ETH instead of 32 ETH. So when you you know before this went live you would spin up uh if you had like 320 ETH

you would have to spin up 10 validators. Uh but now you can just have one validator. So this takes a load off the network. Uh we don't need millions and millions of validators because as I've explained before one person can have you know 100 or 10,000 or 100,000 validators. One entity not just one person. So validator count is largely kind of meaningless from a decentralization and security perspective here. So yeah, you can stake 248 but validator I think a lot of new validators have been spun up with this but there's also a way to convert your existing validators over. So you basically just like consolidate them. Um so what the person asked me was that like you know what's the adoption look like here? And the perfect site to track this is petrified.com uh which I'll link in the YouTube

description below and you can see what the kind of adoption has has been like. So most of the validators are 2048 ETH validators the ones that are consolidated which is which is kind of great uh to see here uh in terms of the amount of ETH there. Um and and you can kind of see where a bunch of different stats around this like pending deposits, pending withdrawals, pending consolidations uh so on and so forth. But overall, the adoption has been quite slow, I think, of this because there's no real like incentive or motivation to do this because it's not necessarily going to save you that much money as a uh note operator. It does require a lot of work depending on the node operator that you are. It does require touching your validators, which uh you know,

which and and changing them, which a lot of these node operators, especially the larger ones, are kind of weary about and it takes them a while to do this. But I do know that a few of the bigger ones are planning on doing this towards the end of the year. Uh so once they do it, this will this will look a lot better. But um you know, as as far as I know, uh at least if I'm I'm am reading this right, about 18% uh of the validators are accumulating validators today. So they they've got the 0x02 withdrawal credentials here. This does not mean that they're all 2048 ETH validators.

This just means that they are uh I believe more than 32 validators. So accumulating validator so they're enabled to be able to stake more than 32 E per validator. That's not too bad, but it has been a while since this went live. So I I think that by the end of the year, we can probably be above 50% here, which is great. Uh because we want to make sure that we can get the total validator count down for a number of different reasons. take load off the network but also I believe in the kind of uh quantum world in the Ethereum quantum world postquantum uh we need validated account to be a lot lower for the network to actually work because quantum signatures are as far as I know a lot larger than BLS signatures which means that it would take longer to

propagate across the network and if there's lots of validators it takes even longer and the network would degrade that's why we need to do it basically so yeah that's that's kind of an update on that there but yeah maybe I'll check that in a few months time and see where we're at with that there. All right, last up here, just a quick shout out to Ethereal News. So, this is a newsletter that has been around for I believe 13 weeks now. It's the successor to um I guess like weekend Ethereum news and also another newsletter that was um that was being done I believe after that that was that was kind of uh shortlived here.

But this is a really great resource guys by uh by Andrew here. So Andrew was essentially managing weekend Ethereum news for quite a while. Then he did something else. I can't remember the name of his other newsletter that he spun up and now he's doing Ether Real News. Um it's it's basically uh formatted like the weekend Ethereum news uh newsletter was. And you've got so many kind of uh updates here, so much news here to digest. It's a crazy amount of of stuff going on here, guys. So all this is to say again, huge shout out to Andrew, but also go subscribe if you haven't yet. Click the subscribe button here. subscribe to the newsletter. Um, I get it every week. I use it as a resource as well because it's just got so much information here. I use it for the refill, too. I just haven't given it

a shout out yet. I don't know why, but yeah, huge shout out to to Andrew here for maintaining this. And I guess thanks to Consensus as well for sponsoring this and allowing Andrew to do this. I know for a little while there, Andrew wasn't sure how he was able to continue because he wasn't getting uh paid for it. It wasn't able to take it on as as a full-time job because it is a full-time job, tracking all this stuff, putting it together, putting the newsletter out. So thankful to Consensus and whoever else is is, you know, is funding Andrew here. He's providing an absolutely awesome uh uh service to the community uh free of charge of course. So yeah, kudos to everyone involved there. But yeah, I think that's uh going to be it for today. That was a nice refill. I think we got through a lot there. Uh I

hopefully will have another episode out on Monday for you guys. Um hopefully I won't have to delay it again. Uh and that other channel that I spoke about for my uh my novel writing that I was going to spin up, I haven't spun that up yet. I I will do it soon. Um, you know, I've been I've actually been like really busy writing. So, I'm like writing and then I'm like, "Oh, I gotta do this." But then I'm like, "Ah, but it's gonna take away from my my writing." And I've also been reading a lot more, too. So, a lot of my time has been dedicated to that recently. And then, of course, keeping up with all the Ethereum stuff it and then all my fitness stuff. Like, it's it's a full life right now, guys. Um, you know. So, anyway, enough about my personal life. That's going to be it

for today. Thank everyone for listening and watching. Be sure subscribe to the channel if you haven't yet. Give it a thumbs up, subscribe newsletter, join the Discord channel, and I'll catch you all next week. Thanks everyone.