Ethereum

Also: Lido goes modular; Uniswap finally launches Unichain

As layer-2 chains continue to proliferate, some Ethereum developers are pushing rollup tech that takes a new approach to interoperability: “based rollups.”

Solana’s leadership in DEX volume and revenue supports the bull case in the SOL-ETH ratio.

Based applications — bApps — will be able to leverage Ethereum validators directly from the layer-1, allowing them to avoid security and centralizing risks.

Buterin called for implementing incentives for layer 2 networks to allocate a portion of their fees to ETH using mechanisms like burning fees and staking.

Also: New grants for DePIN; DAO governance merger

Vitalik Butern’s proposal for an Ethereum Foundation restructuring has unveiled deep rifts within the network’s community.

Buterin labeled inflammatory X posts about the head of the Ethereum Foundation as “pure evil.”

Pectra is a “hard fork” of Ethereum encompassing an array of wallet, staking, and efficiency improvements.

In founding editor Bradley Keoun’s last issue of The Protocol, CoinDesk’s weekly newsletter devoted to blockchain technology, we’re covering Trump’s DOGE whistle and the slew of announcements from the big Ethereum conference Devcon in Bangkok.