Key facts
- The Ethereum Foundation confirmed the Glamsterdam upgrade will activate on the Sepolia testnet on October 6.
- Ethereum's futures open interest on Hyperliquid reached $3.12 billion, surpassing Bitcoin's $2.81 billion.
- The Glamsterdam upgrade combines Amsterdam and Gloas upgrades, introducing proposer-builder separation (ePBS) and block-level access lists (BALs).
- The upgrade aims to increase L1 throughput and improve validation efficiency.
- ETH/BTC has broken a nearly 5-year downtrend and is set for a potential rally.
The Ethereum Foundation has set October 6 as the activation date for the Glamsterdam upgrade on the Sepolia testnet, a significant development for the network's Layer 1 scaling capabilities. This upgrade, which merges the Amsterdam execution layer and Gloas consensus layer upgrades, introduces key changes like proposer-builder separation (ePBS) and block-level access lists (BALs) to enhance throughput and validation efficiency. The foundation indicated that dates for the Hoodi upgrade and mainnet activation are yet to be determined.
In parallel, Ethereum's futures open interest on the Hyperliquid exchange has surpassed that of Bitcoin, reaching approximately $3.12 billion compared to Bitcoin's $2.81 billion in the 24 hours leading up to Tuesday. This rotation is attributed to factors including spot Ethereum ETF inflows, positive analyst price predictions, and anticipation surrounding the Glamsterdam and Hegota upgrades. The ETH/BTC trading pair has also shown strength, breaking a nearly five-year downtrend and closing its third consecutive green month, with analysts like Michael van de Poppe, Ali Martinez, and Peter Brandt expecting further rallies. The Hegota upgrade is positioned as a precursor to future post-quantum forks, with the Ethereum Foundation aiming for quantum resistance across all network layers by 2029.