Ethereum Foundation Executive Director Aya Miyaguchi (CoinDesk archives)
Ethereum 2.0’s “final” and “official” public testnet, Medalla, is now live, according to the Ethereum Foundation.
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Medalla is the final testnet before the launch of the Eth 2.0 network, which is tentatively expected by year’s end.
The correct number of peers joined the tesnet to consider it workable, according to a tweet from the Ethereum Foundation’s Hudson Jameson.
As reported by CoinDesk, Medalla was one of many Eth 2.0 testnets over 2019 and 2020. Unlike the other testnets, however, Medalla was public – meaning network validators were not centrally coordinated by developer teams.
Over 20,000 validators have joined the network with some 650,000 etherETH$2,890.18 staked, according to the Beaconcha.in block explorer. (Each testnet uses its own tokens not equivalent to real ETH.)
Medalla was joined by five clients including Prysmatic Labs’ Prysm, ChainSafe’s Lodestar, PegaSys’ Teku, Status’ Nimbus and Sigma Prime’s Lighthouse.
Eth 2.0 encapsulates years of research to switch the current Proof-of-Work (PoW) Ethereum network to a Proof-of-Stake (PoS) consensus algorithm. The expected launch later this year will be phase 0 of a multiyear overhaul.
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.
EF researcher Justin Drake says a new post-quantum team will drive wallet safety upgrades, research prizes and test networks as quantum timelines shorten.
What to know:
The Ethereum Foundation has elevated post-quantum security to a top strategic priority, forming a dedicated Post Quantum team led by Thomas Coratger with support from leanVM cryptographer Emile.
Researcher Justin Drake said Ethereum is shifting from background research to active engineering, including biweekly developer sessions on post-quantum transactions and multi-client post-quantum consensus test networks.
The foundation is backing new cryptography with funding and outreach, launching two $1 million prizes, planning post-quantum community events and education, and stressing that blockchains must prepare early for quantum threats despite their long-term nature.