The Ethereum Network’s next major chain upgrade, named “Fusaka,” could be big for users as it may cut layer-2 and validator costs. So far, Ethereum Developers have agreed to include one technical change, “PeerDAS,” designed to improve data availability.
PeerDAS, which stands for Peer Data Availability Sampling, would let validators download partial data from blobs instead of full blobs to validate whether the data has been posted to the network. Peer Data Availability Sampling could reduce layer-2 transaction costs and benefit institutions operating validators on the Ethereum blockchain. “PeerDAS is super important since we want to help layer-2s scale,” said Parithosh Jayanti, a DevOps engineer at the Ethereum Foundation. “PeerDAS allows us to bump the blob limit significantly.”
Ether to Surge Further Following Pecta and Fusaka Upgrades?
The recent Ethereum Pecta upgrade caused Ether (ETH) to surge in the past week. Indeed, ETH is up 35% in the past seven days and 50% in the past month. The cryptocurrency is still a long way away from the $4,000 value it reclaimed last December, but the surge is notable for how quickly it has come. With the Fusaka upgrade already under development, experts suggest ETH could climb even further upon that upgrade going live.
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Ethereum has even surpassed Alibaba and Coca-Cola to become the 39th-largest asset in the world by market value, according to 8MarketCap. At press time, ETH’s market value was over $308 billion. In contrast, the market capitalization of Coca-Cola is $303.5 billion, with its shares trading at about $70. Alibaba’s market value is $303.7 billion, and its stock is now trading at around $125.
The Ethereum Fusaka upgrade is scheduled to go live at the end of 2025. Developers say it will eventually include a bundle of additional upgrades beyond PeerDAS. However, Ethereum developers are notorious for delaying their upgrades. The Pecta upgrade, for example, was initially set for release at the end of 2024 but was postponed to the first quarter of 2025. After further delays, it was finally released this month, fortunately with enough hype to drive the ETH price sky-high.
