Welcome to the protocol, the weekly conclusion of Coindesk of the most important stories in the development of cryptocurrency technology. I am Margaux Nijkerk, Tech & Protocols de Coindesk reporter.
In this number:
- Ethereum’s validator exit tail exceeds $ 2B while Stakers rushes to quit smoking after a 160% rally
- Jito launches Bam to restructure the Blockspace economy of Solana
- Ethereum Valinadores A intention to increase the gas limit to 45 m
- Dogecoin could soon verify ZK tests natively, thanks to Degeos Push
Network news
The validator exit tail in Ethereum goes back: The Ethereum validator exit tail recorded its longer waiting time, a possible signal that stakers are looking to remove funds after a large price rally in Ether (ETH). As of Wednesday 09:00 UTC, almost 625,000 ETH worth approximately $ 2.3 billion were online to get out of the network, according to the data of Validatorqueue.com. That is even greater than the amount you expect during the January 2024, extending retirement delays for more than 10 days, according to the data. The congestion is due to the dynamics of the Ethereum participation test model, which limits the speed with which the validators can join or leave the network. Validators are entities that provide tokens to help ensure the block chain in exchange for a reward. It is likely that the exodus is due to the profits of those who bet on ETH when the price was much lower and is now charged after 160% of a channel in the beginning of April is recovered. “When prices go up, people disapprove and sell for profits,” said Andy Cronk, co -founder of the Figment Renterao Services Supplier. “We have seen this pattern for retail and institutional levels through many cycles.” Unnecessary peaks can also occur when large institutions move custodians or change their wallet technology, he said. – Krisztian Sandor Read more.
Jito launches the block assembly market: The Jito Foundation introduced the block assembly market (BAM), a system aimed at improving how the blocks and transactions sequenced in the Solana block chain are built. BAM is designed to make the “transactions sequencing transaction and verifiable”, while allowing programmable innovation in the blockspace layer, unlocking new income opportunities for developers and reducing the harmful effects of the maximum removable value (MEV). The launch is based on the established infrastructure of Jito, including its widely adopted validator client and the Jito Block engine. BAM presents a modular architecture with three key components. BAM nodes are specialized programmers organizing transactions in private using safe hardware. BAM’s validators execute the updated Jito-Solana software client and receive ordered nodes transactions and execute them in the chain. Finally, the accessories will offer developers, merchants and applications a programmable interface to interact with the planner, enabling the logic of personalized transactions. According to the team, Bam will begin in Mainnet in the coming weeks with an initial set of validators led by key participants of the Solana ecosystem, such as Figment, Helius, Sol Strategies and Triton One. – Margaux Nijkerk Read more.
Ethereum validators begin to increase the gas limit: According to the gas gas board. In Ethereum, Gas is the unit that measures the computational work required to execute intelligent transactions or contracts. Every time a user interacts with the block chain, he must pay a gas rate, which covers the cost of using Ethereum’s computer resources. This guarantees that users pay in proportion to the complexity of their actions. Each block in Ethereum has a gas limit, which is the maximum amount of gas that can consume all transactions in that block. If the total gas needed by pending transactions exceeds the block limit, some transactions are postponed to future blocks. Because the space is limited, transactions compete for inclusion, and those that offer higher rates are more likely to be included first. The gas limit rose for the last time in February, when it was set at 36 million. That was the first time since 2021 that had increased, after more than half of the validators in the network supported the change, without the need for a hard fork. – Margaux Nijkerk Read more.
ZK tests in Dogecoin?: Dogecoin could have begun as a joke, but this update is not one. Degeos, the application layer developed by the Mydoge Ballete team, presented a formal proposal to Dogecoin Core that introduced a new operation code to allow the network to verify zero knowledge tests (ZKP) natively. The developers aim to transform an unused part of the script system into a tool that can verify cryptographic tests, starting with ‘Groth16’ (a specific type of test widely used in ZK systems) and allowing future updates. This would allow Dogecoin to admit more advanced applications and out of the chain, such as Rollups and intelligent contracts, while maintaining the speed and simplicity of the main chain. The approach is modular by design because the test systems are selectable in mode, and the behavior of the codes is strictly opted. If the test verifies, the script proceeds; If not, it fails. Old nodes are still compatible, treating the code of operation as a NO-OP. It is not a fork surprise, without vm swelling. – Shaurya Malwa Read more.
In other news
- The Polymarket market, the cryptocurrency prediction market that recently reached an assessment of one billion dollars, is deciding whether to introduce its own personalized stable or accept a shared income agreement with the circle based on the amount of USDC that remains on the platform, according to a person familiar with the plans. Polymarket’s motivation to create your own stable is simply to possess the reserves of yield that support the large amount of the dollar circle in dollars used to make bets on the popular betting platform, the person said. A Polymeket representative said a decision has not been made. – Ian Allison Read more.
- Sharplink Gaming (SBET), the Ether Treasury (ETH) company directed by Ethereum co -founder Joseph Lubin, continued its shopping spree, which led to total holdings above $ 1.3 billion. The firm said in a press release on Tuesday that it bought 79,949 ETH during the last week at an average price of $ 3,238, its largest weekly purchase. With the last acquisition, the firm had 360,807 ETH as of July 20, for a value of approximately $ 1.33 billion at current prices. The company still has $ 96.6 million of funds raised by selling shares through its capital in the market for more purchases ETH, the company said. – Kristzian Sandor Read more.
Regulatory and political
- President Donald Trump fulfilled part of his vote of establishing the cryptographic regulations of the United States, signing legislation in law that established rules formally for Stablecoin issuers, marking a first step that the digital asset industry expects it to end with the most important regulatory regime that governs cryptographic markets. Before a multitude of cryptographic executives in the East Room of the White House, a jubilant Trump signed the National Innovation Law of National Innovation for the United States (Genius), which registered a mass vote of 308-122 Bipartisan in the House of Representatives on Thursday and a vote of the previous 30-30, demonstrating a great framework of the Democrats. And industry leaders, including Brian Armstrong in Coinbase, Paolo Ardoino de Tether, Jeremy Allaire de Circle, Cameron de Gemini and Tyler Winklevos, Dave Ripley de Kraken, Sergey Nazarov de Chainlink and others. – Jesse Hamilton and Nikilesh of Read more.
- The United States Senate is advancing in its effort to prepare rules and regulations for the vast majority of the cryptographic market, launching a draft discussion of a market structure bill that most clearly defines some of the frameworks that legislators are contemplating. The 35 -page draft published on Tuesday formulates new definitions for digital assets that are not values, and addresses the Bag and Securities Commission to participate in the regulations around these assets that would exempt them from them already their issuance of the existing regulations. Later, the bill addresses the SEC and the Trade Commission for Basic Products to participate in joint regulations around certain aspects of cryptographic market activity, such as the portfolio margin. – Nikilesh of Read more.
Calendar
- September 22-28: Korea Bloquchain Week, Seoul
- October 1: Token2049, Singapore
- October 13-15: Digital Asset Summit, London
- October 16-17: Blockchain European Convention, Barcelona
- November 17-22: Devconnect, Buenos Aires
- December 11-13: Solana Breakpoint, Abu Dhabi
- February 10-12, 2026: Consensus, Hong Kong
- May 5, 2026: Consensus, Miami
