Ethereum Completes Dencun Upgrade on Sepolia Testnet

Dencun has been successfully deployed on the Sepolia testnet in the early hours of January 31st, marking the second successful testnet release after Goerli on January 17th.

Overall, the Dencun upgrade is progressing according to the predefined schedule. The final testnet deployment, Holesky, is scheduled for next week on February 7th. Subsequent to a successful deployment, Ethereum developers will finalize the timeline for introducing Dencun to the mainnet, expected around February – March.

Initially scheduled for late 2023, Dencun faced delays due to various technical challenges and a lack of readiness from multiple client teams.

One anticipated feature that Dencun is expected to bring is proto-danksharding, aiming to reduce gas fees and enhance scalability by introducing a compressed data storage mechanism called “blobs.”

While not officially confirmed, there have been hints that Ethereum developers are already discussing the next upgrade after Dencun. This upgrade, tentatively named Prague/Electra, commonly referred to as Pectra, follows the naming convention established with Cancun/Deneb, shortened to Dencun.

Related: Standard Chartered Forecasts ETH to Surge to $4K USD

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ETH/USD 4-hour chart on TradingView at 4:48 AM on January 31, 2024.