# Ethereum Daily ~ July 31, 2025

> Your Daily Briefing on Ethereum News.

**Published by:** [Ethereum Daily](https://paragraph.com/@ethereumdaily/)
**Published on:** 2025-07-31
**Categories:** ethereum, daily, crypto, news
**URL:** https://paragraph.com/@ethereumdaily/ethereum-daily-july-31-2025

## Content

📰 HeadlinesLean Ethereum Vision Unveiled by Justin DrakeAll Core Devs Execution Call #217 RecapPuffer’s UniFi AVS Pushes Based-Rollup Design🏆 Yesterday's 1-of-1 Ethereum Daily collectible winner is @Highplains66. Thank you for your support! 🌐 Mainnet NewsLean Ethereum Post ReleasedJustin Drake published a “Lean Ethereum” manifesto outlining a slimmer core protocol. The post emphasizes minimalism in consensus, execution, and governance to "keep Ethereum online no matter what. To scale it without compromise. To make it worthy of those who come next." Why this matters: It frames the long-term evolution path the core community will now debate.ACDE Call #217 SummaryPooja Ranjan live-tweeted highlights from All Core Devs Execution Call #217. Discussions covered Fusaka Devnet 3 and goal for mainnet release by November 6th, increasing support for Enshrined Builder Proposer Separation (ePBS) and Block-Level Access Lists (BALs) to be included the Glamsterdam upgrade, and more. Why this matters: Developers use these calls to lock-in upgrades that every node must adopt.Nethermind Client Upgrade ShipsNethermind released a new version improving sync speed and memory efficiency. The build also patches minor consensus bugs found during testing. Why this matters: A more performant client strengthens client diversity and network resilience.“Glamsterdam” Community Call #1 RecapChristine Kim hosted the inaugural Glamsterdam call covering the Fusaka upgrade, challenges with EIP 7825 (Transaction Gas Limit Cap), and a commitment to determine the Glamsterdam upgrade headliner by Thursday, August 7th. Argot “Act” Smart-Contract Language DemoArgot showcased its domain-specific “Act” language aimed at safer Ethereum contracts. The demo highlighted formal-verification capabilities and ergonomic syntax. Why this matters: New languages can reduce exploits by making secure patterns the default.Holesky Testnet Deprecation ReminderParithosh Jayanthi reiterated that the Holesky testnet will sunset on September 30, 2025. Validators should migrate testing workflows to the replacement network before that date. Why this matters: Early notice helps tooling teams avoid disruption once Holesky shuts down.Ethrex Added to Kurtosis SuiteKurtosis integrated the Ethrex client into its local-testnet automation package. Developers can now spin up Ethrex nodes alongside others with one command. Why this matters: Easier multi-client testing speeds up hard-fork readiness checks. 💎 ETH NewsETH ETFs Tie 19-Day Inflow StreakSpot-ETH exchange-traded funds recorded 19 straight days of net inflows, matching the all-time record. The run added roughly $490 million in new assets. Why this matters: Persistent inflows suggest growing institutional appetite despite market volatility.ETH Treasury Holdings Pass $10 BillionBlockchain data shows corporate treasuries now control over $10 billion worth of ETH, per reporting by The Block. The milestone reflects accelerated treasury-management adoption in Q2. Why this matters: Large balance-sheet exposure can harden demand and legitimize ETH as a reserve asset.Convertible-Notes Plan from SharpLink & ConsenSysSharpLink Gaming and Joseph Lubin outlined a proposal to issue ETH-linked convertible notes and a new “ETH Concentration” metric. The structure aims to align long-term token and equity incentives. Why this matters: Creative capital-markets products could broaden ETH-denominated funding options. 📱 Application NewsPuffer Upgrades UniFi AVSPuffer Finance enhanced its UniFi Actively-Validated Service to boost incentives for based rollups. The release adds slashing protections and dynamic rewards. Why this matters: Strong AVS economics improve security for emerging rollup ecosystems.Tether Publishes Q2 ReportTether to disclosed reserve breakdowns showing $86 billion in consolidated assets and rising U.S.-T-bill share. Auditors affirmed full backing of outstanding USDT. Why this matters: Transparency reports influence market confidence in the leading stablecoin.Yield-Bearing Stablecoins Hit ATHStablewatch reported yield-bearing stablecoin supply reaching a new all-time high above $6 billion. Platforms like Sky and Ethena led quarterly growth. Why this matters: Higher onchain yields are pulling liquidity from traditional stablecoins.Cow Swap Launches crosschain SwapsCow Swap integrated Bungee Exchange to enable single-click routed swaps across major L2s. Orders auto-execute at the best aggregated price. Why this matters: Frictionless crosschain liquidity deepens market efficiency for traders.Sky Money App Adds Bundled TXsSky’s Money App now groups multiple actions into one signature, cutting gas fees and confirmation steps for users. Why this matters: UX improvements like bundling lower barriers for mainstream adoption.Golem Debuts “Yield Donating Vaults”Golem Foundation released a new vault primitive that donates earned yield to selected public-goods recipients. A livestream explained mechanics and roadmap. Why this matters: Built-in altruism models could fund open-source infrastructure sustainably.Privy & Morpho Bring Yield to WalletsPrivy partnered with Morpho Labs to embed auto-lending features within Privy-powered wallets. Deposits seamlessly earn protocol yields without extra steps. Why this matters: Native yield turns passive wallets into productive assets for everyday users.Offline Launches Proof-of-LocationOffline teamed with EigenLayer to unveil a Proof-of-Location service secured by restaked ETH. The protocol allows apps to verify geographic claims trustlessly. Why this matters: Verifiable location data unlocks new decentralized identity and gaming use-cases. 🌿 Layer 2 NewsOpen Zeppelin Ships Stylus ContractsOpen Zeppelin released audited templates for Arbitrum Stylus, enabling devs to write secure L2 contracts in Rust and C. The repo includes test suites and docs. Why this matters: Hardened libraries accelerate safe deployment on emerging execution environments.Base Metrics Shared in Coinbase Q2Coinbase’s quarterly report revealed Base had a median fee of just $0.0005 and $320 million TVL on the L2 during Q2. Active addresses grew 43% quarter-on-quarter. Why this matters: Strong usage signals solid early traction for the exchange-backed rollup. 📫 Bonus ContentSelf Protocol “Builder Spotlight”Self Protocol profiled Ascend, covering its staking architecture, tokenomics, and upcoming roadmap. The blog includes contributor interviews and code links.Safe on Web3 Encryption StateSafe published an in-depth article analyzing current encryption practices across wallets, bridges, and L2s. The piece outlines best-practice gaps and future standards. Thanks for Reading Ethereum DailyFor more updates subscribe to Ethereum Daily and follow us on the social media platforms below.SubscribeTwitterFarcasterDisclosures: Ethereum Daily is an independent publication and does not offer financial or investment advice. Content may include opinions, affiliate links, or references to projects in which contributors have a financial interest. Always do your own research.

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