Curve Finance reports that the upcoming Ethereum Glamsterdam upgrade is designed to improve DeFi execution. The protocol aims to expand Layer 1 capacity by implementing parallel processing and block-level access lists, which should enhance transaction reliability during periods of high network congestion.
The upgrade has been tested on the Sepolia testnet, where the block gas limit was increased from 60 million to 200 million. Despite these successful tests, the Glamsterdam upgrade has not yet been deployed on the Ethereum mainnet. Market participants are currently monitoring the official activation timeline for further developments.
Current market sentiment regarding Ethereum prices for October remains mixed. Prediction markets show an 82% probability for a price dip to $2,400, while the likelihood of the price reaching $3,300 is estimated at 3%. Analysts suggest that a successful mainnet launch could increase network demand and influence future price trends.
