Ethereum News: Successful Hoodi Testnet Upgrade Paves Way for Pectra Release

Ethereum developers have made significant progress in preparing for the upcoming Pectra upgrade, with a successful test on the Hoodi testnet. This follows previous setbacks on other testnets and brings the network closer to introducing new features such as smart contract execution on wallets and fee payment using alternative tokens.

Ethereum Tests Upgrade on Hoodi Testnet Ahead of Pectra Release

Ethereum developers have successfully tested a new upgrade on the Hoodi testnet. This test is crucial as the previous tests on Holesky and Sepolia failed. Staking providers used this test to prepare for the upcoming Pectra upgrade, which is expected to introduce features like running smart contracts on wallets and paying fees using other tokens. The Hoodi testnet runs parallel to the Ethereum mainnet, allowing developers to find and remove bugs before implementing the upgrade in a live market. If the testing on Hoodi goes smoothly, the Pectra upgrade could occur on April 25.

Ethereum Game ’The Sandbox’ Adds Atari, Terminator, and Jurassic World in Alpha Season 5

The Sandbox, an Ethereum gaming metaverse platform, will launch Alpha Season 5 on March 31, introducing over 40 new games from brands like Jurassic World, Teletubbies, Atari, Attack on Titan, Terminator: Dark Fate, and Hellboy. The flagship experience, Jurassic World: Dinosaur Preserve, allows players to manage a dinosaur sanctuary, blending conservation simulation and adventure. This marks a new era for The Sandbox as it transitions to more mature, always-on live services.

Ethereum Price Prediction: ETH Tipped To Hit $10K

The Ethereum price recovery above $2k has reignited speculation that the coin might experience a bull run this year. Some analysts predict a potential price hit up to $10k. Additionally, a new Ethereum-based token is in presale, drawing in investors rapidly. The Ethereum price recovery and the emerging token are expected to impact the market positively this year.

Ethereum Price Decline Puts $320 Million in DeFi Loans at Risk

Ethereum’s continued price slide has pushed nearly $320 million in Leveraged DeFi positions to the edge of liquidation. According to DefiLlama, around $319.8 million in Ethereum-based loans are just 20% away from their liquidation threshold. Most of these at-risk positions are on MakerDAO and Compound. If Ethereum dips below $1,800, roughly $246 million worth of collateral could be liquidated, with MakerDAO accounting for $229 million and Compound users potentially losing $17 million.