Ethereum delays Glamsterdam upgrade as eight smart contract risks emerge
Ethereum developers delayed the Glamsterdam upgrade on the Hoodi testnet after security researchers found eight smart contract risks related to gas accounting changes. The Ethereum Foundation identified affected projects and is working with auditors to address compatibility concerns. No new activation date has been set, and developers are reviewing contracts for potential issues.
How this was made
The 30-second read
Why it matters
Delaying the upgrade may cause short‑term ETH price weakness and affect projects dependent on the new gas model.
Market read
The postponement is a material development for the crypto market, potentially influencing ETH price and related DeFi tokens.
What to watch
The upgrade may still proceed on testnets, and other layer‑2 solutions could mitigate short‑term impact.
Background
Ethereum's Glamsterdam upgrade includes gas accounting changes (EIP‑8037, EIP‑8038) and proposer‑builder separation. Security concerns were raised by ChainSecurity.
Ticker impact
Ethereum developers delayed the Glamsterdam upgrade after security researchers identified eight smart contract risks, postponing the Hoodi hard fork.
likely downward pressure as market prices in the upgrade postponement
Upgrade delays historically cause short‑term sell‑offs; the identified risks affect many contracts, increasing caution among holders.
Market effects
Potential slowdown in DeFi and dApp activity that rely on the affected contracts.
Global, as Ethereum is a worldwide protocol.
High relevance for crypto markets and related tokens.
Counterpoint
If the issues are quickly fixed, the delay could be seen as a responsible move, limiting long‑term risk and eventually supporting price.
Key entities
- organizationEthereum Foundation
Oversees Ethereum protocol development and announced the delay.
- organizationChainSecurity
Auditing firm that identified the smart‑contract risks.
