Analysis: Ethereum's next major upgrade is called Glamsterdam, and it was due to go live on the Hoodi testnet on October 26. That did not happen. What is documented: the developers halted the activation, there is no new date, and no schedule exists for the mainnet either. Our assessment follows further below. For the price, this weekend's delay is the smaller story, because the blockchain has a demand problem that can be read off the gas fee.
Ether traded at around $2,256 on Saturday evening, about 1.4 percent higher than 24 hours earlier. The daily low was $2,221 and the daily high $2,256. The price remains a good 54 percent below its record of $4,946. For where the price can head over a horizon of months, our Ethereum price prediction provides the context. This article sticks to what is measurable today.
Glamsterdam: what the developers halted on the Hoodi testnet
Glamsterdam succeeds the Fusaka upgrade and, like every Ethereum update, bundles several change proposals. Every upgrade passes through several testnets before it reaches the mainnet. Sepolia had its turn on October 6, and Hoodi was scheduled for...
English (US)