• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Launches Mekong Testnet for Pectra Upgrade Preparations

user avatar

by Giorgi Kostiuk

a year ago

Ethereum is gearing up for a major Pectra upgrade by launching the Mekong testnet, as market watchers observe potential ETH pricing reaching $3,500.

New Horizons for Ethereum

While Ethereum remains the leading smart contracts platform, it faces competition, particularly in transaction speed and cost. High fees on the Ethereum mainnet push users toward alternatives like Solana and Ethereum's own layer-2 solutions.

Mekong Testnet and the Pectra Upgrade

The Ethereum Foundation announced the Mekong testnet launch, a move toward the Pectra upgrade expected early next year. This testnet allows developers to explore new Pectra features and identify potential errors prior to full integration.

Pectra promises fundamental changes, enhancing staking processes and wallet interfaces.

Market and Outlook

Despite a drop in ETH prices following increased activity on layer-2 platforms, Ethereum's shift to a deflationary model forecasts a positive long-term outcome. Investors plan purchases ahead of a potential price rally to $3,500.

The Mekong testnet and upcoming Pectra upgrade are significant steps in Ethereum's development, instilling optimism among investors for future price increases.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Binance Alpha Introduces RTX Token for Early Crypto Investors

chest

Binance Alpha has added the RTX token to its exclusive onchain trading service, providing early access to promising crypto projects.

user avatarMaria Fernandez

Caroline Ellison Transferred to Community Confinement Following 11 Months in Prison.

chest

Caroline Ellison, former CEO of Alameda Research, was moved to community confinement after serving 11 months of her two-year sentence.

user avatarGustavo Mendoza

China's Mining Crackdown Causes Bitcoin Hashrate to Plummet

chest

Bitcoin miners in China's Xinjiang province are shutting down operations due to renewed regulatory pressure from Beijing, leading to a significant drop in hashrate.

user avatarRajesh Kumar

Investors Urged to Consider Hidden Costs in Index Fund Evaluation

chest

Investors are encouraged to consider tracking difference and tracking error as critical metrics for evaluating index fund performance.

user avatarLuis Flores

Investors Advised to Look Beyond Expense Ratios in Index Fund Selection

chest

Investors are advised to focus on deeper metrics beyond expense ratios when selecting index funds, emphasizing factors like replication fidelity, tax efficiency, and operational quality for better long-term investment results.

user avatarArif Mukhtar

DeFi Development in Solana Becomes More Selective

chest

DeFi builders in the Solana ecosystem are focusing on fewer, more established platforms, indicating a shift towards refinement and the importance of reliable pricing and market data.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.