Ethereum News

The Protocol: Bitcoin's OP_CAT, Fake Ethereum Tokens, Starknet's Airdrop
CoinDesk's Jamie Crawley takes a look at the suddenly-high-profile proposal to revive Bitcoin's historic "OP_CAT" function as a way of enabling more development on the oldest blockchain. PLUS: the unofficial "ERC-404" tokens driving up fees on Ethereum and highlights from our Protocol Village column over the past week.

Protocol Village: Sommelier Expands to Ethereum Layer-2s Via Axelar, Starting With Arbitrum
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 8-14.

EigenLayer's Cap Lift Prompts $4B Inflow as ETH Restaking Heats Up
Capital locked on restaking protocols is now at $10 billion, in December it was just $350 million.

Starknet Blockchain Plans Much-Awaited Airdrop of New STRK Tokens Next Week
The airdrop will happen on Feb. 20, and eligible users have until June 20 to claim their tokens

Ethereum Developers Create 'DN-404' Tokens After ERC-404s Send Network Fees Surging
The new token type claims to solve some of the drawbacks with ERC-404s, an experimental standard that launched last week – to such popularity that it's already driven up congestion on the Ethereum blockchain.

Ethereum Validator Entry Queue Signals Renewed Interest in Staking
The validator entry queue has jumped to 7,045, the highest since Oct. 6, according to data source ValidatorQueue.

Ethereum Has Gatekeepers (for Good Reason)
A new, non-standard token standard called ERC-404 circumvented the usual governance process and is capitalizing on a term with an actual definition.

What Is ERC-404? The Experimental Standard Whose First Token Has Rocketed 12,000% in One Week
ERC-404 allows multiple wallets to directly own a single NFT and, in the future, create a use case where that specific exposure can be tokenized and used to take out loans or stake holdings.


