Ethereum’s Third and Final Testnet Merge Goes Live on Goerli
Ethereum’s mainnet Merge with the proof-of-stake Beacon Chain should happen sometime next month.

The third and final test environment network (testnet) merge before the Ethereum blockchain makes its long-awaited move to proof-of-stake from proof-of-work has successfully been completed.
Read more: Goerli Is Coming: Ethereum’s Last Rehearsal Before the Merge
- Goerli was the last of three public testnets to run through a “dress rehearsal” of the Merge. After this, the mainnet Merge is expected to occur sometime at the end of September.
- The network transitioned to proof-of-stake (PoS) when the Terminal Total Difficulty (TTD) exceeded 10,790,000. That occurred around 1:45 UTC.
- On July 27, Ethereum announced the Bellatrix upgrade to Goerli’s beacon chain, Prater, in preparation for the testnet merge. After the Bellatrix beacon chain was activated on August 4, all that was left was for it to merge with Goerli, so it the testnet could continue to run on the PoS chain.
- The testnet merge takes the project one step closer to Ethereum's mainnet upgrade later this year. The two previous testnet merges, Ropsten and Sepolia, were largely successful as well, heightening Ethereum community confidence that the actual Merge should be able to happen this year.
Read more: Ethereum After the Merge: What Comes Next?
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante

The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
What to know:
- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.












