• 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

CryptoQuant Report Indicates XRP Trading Volume Stabilization

chest

A recent CryptoQuant report analyzes XRP trading volume, indicating a balance between buyers and sellers.

user avatarRajesh Kumar

Analysts Highlight Key Indicators for Bitcoin's Market Bottom

chest

Analysts highlight significant price-based benchmarks indicating Bitcoin is in a long-term accumulation phase, with key indicators suggesting a favorable position for long-term investors.

user avatarMiguel Rodriguez

Political Dynamics Threaten Progress of Clarity Act

chest

Scott Bessent warns that the upcoming midterm elections could jeopardize the progress of the Clarity Act, especially if Democrats gain a majority in the House.

user avatarLuis Flores

US Treasury Secretary Advocates for Clarity Act Amid Crypto Market Volatility

chest

US Treasury Secretary Scott Bessent emphasizes the need for the Clarity Act to stabilize the volatile crypto market.

user avatarArif Mukhtar

Bitcoin Market Faces Bearish Phase Amid Price Drop

chest

Speculations arise that the cryptocurrency market has entered a bearish phase following a significant drop in Bitcoin's price.

user avatarMaria Gutierrez

Mixin Network Announces Compensation Plan for Hack Victims

chest

Mixin Network has initiated a debt registration and repayment process for users affected by the September 2023 hack, offering compensation in stablecoins and tokenized claims.

user avatarDavid Robinson

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.