This is a podcast about the evolution of Ethereum. Hosted weekly by Galaxy Research’s Christine Kim, the show dives into the ways Ethereum as an ecosystem is ch...
On Ep.87 of Infinite Jungle, Christine shares her main takeaways from ACDE #207. Ethereum developers agreed on another new game plan for Pectra that involves the launch of a brand new public testnet called Hoodi. Hoodi will mimic Ethereum mainnet in almost every way, including Ethereum’s validator set size and network specifications. From genesis, Hoodi will activate with Dencun specifications, which are the specifications live on Ethereum mainnet today, and within 10 days of launch, developers will roll out the Pectra upgrade on Hoodi. If the Pectra upgrade on Hoodi goes well, developers may schedule the Pectra upgrade for Ethereum mainnet as early as 30 days out thereafter. This means developers are now estimating the earliest Pectra could go live on mainnet is late April. Christine explains why the upgrade is more likely to happen some time in May and highlights the surprising shift in developer sentiment on the ACD call from shipping faster to taking it easy.
Show note links:
ACDE #207 Call Notes (https://www.galaxy.com/insights/research/ethereum-all-core-developers-execution-call-207/)
Timestamps:
(00:01:25) Holesky win changes Pectra plans
(00:08:08) The 4 options for Pectra testing
(00:18:42) What developers needs to see before Pectra goes live on mainnet
(00:26:51) Why developers decided to with Option #1
This episode was recorded on Friday, March 14, 2025.
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Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
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43:33
Setting the Record Straight on Pectra Testing w/Pari and Marius
On Ep. 86 of Infinite Jungle, Christine interviews Ethereum Foundation Developer Operations Engineer Parithosh Jayanthi and Ethereum Foundation Geth Developer Marius van der Wijden about the recent Holesky and Sepolia testnet upgrades. Both upgrades resulted in major hot fixes to Ethereum clients. Jayanthi and van der Wijden explain why these results are not out of the ordinary for Ethereum developers and what learnings have been gleaned from both testnet incidents. They also share their views on recent organizational changes to the Ethereum Foundation and their outlook on the state of Ethereum protocol development.
Guest:
Name: Parithosh Jayanthi
Title: Ethereum Foundation Developer Operations Engineer
X: https://x.com/parithosh_j
Name: Marius van der Wijden
Title: Ethereum Foundation Geth Developer
X: https://x.com/vdWijden
Show note links:
Marius’ Sepolia Pectra fork incident recap (https://mariusvanderwijden.github.io/blog/2025/03/08/Sepolia/)
Pectra audit competition (https://cantina.xyz/competitions/9ab19e33-b73c-4384-83a8-b905f508ce5e)
Timestamps:
(00:01:27) Resetting expectations for Pectra testing
(00:13:51) The need to reprioritize protocol hardening
(00:27:39) When will Pectra be ready for mainnet?
(00:32:24) Can Ethereum upgrade safely and faster?
(00:46:55) Views on the Ethereum Foundation
This episode was recorded on Friday, March 7, 2025.
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Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
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55:56
ACDC #152: The New Pectra Game Plan
On Ep.85 of Infinite Jungle, Christine shares her main takeaways from ACDC #152 where Ethereum developers agreed on a new game plan for Pectra in the aftermath of the Holesky and Sepolia testnet upgrades. Developers will launch a clone or shadow fork of the Holesky testnet to support testing of the Pectra upgrade by the broader Ethereum ecosystem in lieu of the original Holesky testnet. Holesky remains in a state of non-finalization. However, developers are still working to restore the testnet for long-term use. The Sepolia testnet is healthy in the aftermath of the Pectra upgrade, though developers needed to issue a hotfix to clients within the first few hours of Pectra activation to stabilize the testnet initially. Christine runs through all the latest updates in Ethereum protocol development and shares the silver linings to recent setbacks for the Pectra development timeline.
Timestamps:
(00:00:50) Holesky Status Update
(00:07:46) Sepolia Status Update
(00:12:57) New Game Plan for Pectra
(00:19:17) Learnings from Pectra Public Testnet Upgrades
This episode was recorded on Friday, March 7, 2025.
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Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
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33:22
Ethereum’s Culture Problem w/Hasu
On Ep. 84 of Infinite Jungle, Christine interviews Hasu, Strategic Advisor to Lido and Strategy Lead at Flashbots. They discuss the importance of the Lido V3 upgrade, the risks it entails, and opportunities for improving Lido’s competitive value against centralized staking solutions. They also discuss the underperformance of ETH and what needs to change about Ethereum’s research and development culture. Hasu argues for three critical changes. First, allocate mindshare away from “endgame planning”. Second, reduce the number of clients. Third, plan upgrades by goal not EIPs.
Guest:
Name: Hasu
Title: Strategic advisor to Lido and Strategy Lead at Flashbots
X: https://x.com/hasufl
Show note links:
Lido V3 (https://v3.lido.fi/)
Timestamps:
(00:01:29) What is Lido V3?
(00:04:52) What risks does the V3 upgrade entail?
(00:12:35) Why should institutions stake with Lido?
(00:20:42) Is the Lido DAO competitive against CEXs?
(00:31:50) How V3 enables restaking on Lido
(00:34:34) Hasu’s thoughts on ETH’s underperformance
(00:40:33) Are L2s parasitic to ETH value?
(00:43:10) Ethereum’s culture problem
This episode was recorded on Friday, February 28, 2025.
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Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
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1:05:21
ACDE #206: Public Testnets are Not for Breaking
On Ep.83 of Infinite Jungle, Christine shares her main takeaways from ACDE #206. The call was dedicated to figuring out next steps for the Holesky testnet. The testnet devolved into a state of non-finalization following Pectra activation. Developers misconfigured three out of five execution layer clients when upgrading Holesky. Fixes for these clients have since been released and developers have agreed to move forward with Pectra activation on Ethereum’s second public testnet, Sepolia, on Wednesday March 5. Christine explains why this decision may have been a mistake for developers in hindsight and what other impacts the Holesky incident has on the Pectra development timeline.
Show note links:
ACDE #206 Call Notes (https://www.galaxy.com/insights/research/ethereum-all-core-developers-execution-call-206/)
Georgios Konstantopoulos’ X post on the Holesky incident (https://x.com/gakonst/status/1894173832317211112)
Timestamps:
(00:02:51) What Happened to the Holesky Testnet
(00:09:35) How Developers Are Trying to Revive Holesky
(00:23:39) What the Holesky Incident Means for Pectra
This episode was recorded on Friday, February 28, 2025.
++
Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
This is a podcast about the evolution of Ethereum. Hosted weekly by Galaxy Research’s Christine Kim, the show dives into the ways Ethereum as an ecosystem is changing, covering broad trends and narratives that are shaping the way people use Ethereum and think about the value of Ethereum.
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