Ethereum News: Holesky Testnet to Be Discontinued by September 2025, Replaced by Hoodi for Pectra Upgrade Testing

In a significant development for the Ethereum network, the development team has announced plans to phase out the Holesky testnet by September 2025. Here’s what you need to know.

Ethereum to Discontinue Holesky Testnet by September 2025

Due to validator exit delays and congestion issues hindering validator testing, the Ethereum development team plans to phase out the Holesky testnet by September 2025. Hoodi testnet will replace Holesky for testing Ethereum’s Pectra upgrade starting March 26. Developer support for Holesky ended after it failed to manage the Pectra update and encountered difficulties due to a large backlog of validator exits. Since its September 2023 launch, Holesky has been one of Ethereum’s essential testnets for validating network activities of both validators and staking providers.

Treehouse Finance – The Decentralized Fixed Income Layer

Treehouse Finance is focusing on fixed-income solutions for digital assets by introducing Treehouse Assets (tAssets) and Decentralized Offered Rates (DOR). Its flagship offering, tETH, allows users to earn enhanced yields through interest rate arbitrage strategies by staking native tokens or Liquid Staking Tokens (LSTs). This approach aims to align fragmented rates of native chain within the digital asset ecosystem.

Coinbase Sold 12,652 ETH in Q4, Standard Chartered Reveals

Coinbase (COIN) sold 12,652 ether (ETH) in the fourth quarter, worth approximately $25 million at the current price but valued at double that level at the time, according to Geoffrey Kendrick, the global head of digital assets research at Standard Chartered Bank. Kendrick analyzed the crypto exchange’s quarterly filings and noted that the timing of the company’s trades aligned with price movements. Coinbase net bought ETH in the third quarter when it was trading at around $2,500 and net sold in the fourth when it reached $4,000. Currently, ETH is trading at about $2,000. Kendrick also estimated that about 80% of revenue generated by Base, Coinbase’s Ethereum layer-2 blockchain, is profit.

Coinbase Stakes Claim as Ethereum’s Largest Independent Node Operator

Coinbase has emerged as the largest single-node operator supporting staking activities on the Ethereum network. According to its maiden Validator Performance report, the US-based exchange has staked 3.84 million ETH through 120,000 validators, accounting for 11.42% of the total staked ETH. Additionally, Coinbase has staked an extra 581,500 ETH through partners, solidifying its lead among centralized competitors like Binance and Kraken. This rapid expansion comes despite previous legal challenges from the US Securities and Exchange Commission (SEC).