Ethereum’s Muir Glacier Upgrade is Live; ETH Rises Almost 4% in a Week

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Sead Fadilpašić

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Sead Fadilpašić

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Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

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June 26, 2023 06:54 EDT

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Though only recently announced, Ethereum’s (ETH) latest upgrade has been announced as a success, while the price of ETH is showing a rise in the last week.

At the time of writing (11:15 UTC), ETH is trading at c. USD 130. It dropped 0.73% in the last 24 hours, but the price appreciated 3.6% in the week leading up to the Muir Glacier upgrade. In comparison, bitcoin (BTC) is down by almost 1% in a week, while majority of other coins among the top 10 advanced by 1%-12% in the past seven days.

As written about before, Ethereum had to add another upgrade to its schedule, so close after the planned Istanbul upgrade, in order to delay Ice Age – a feature that slows down the blocks. January 2 saw the upgrade carried out, with a number of people declaring the upgrade live, such us Ethereum developer James Hancock, as well as Ethereum co-founder Vitalik Buterin.

Two days ago, we saw reportedly 74% of the clients ready for the upgrade. Today, with the upgrade already live on the mainnet, Ethernodes shows that number to be 88.6%. As many have noticed, however, Nethermind is still syncing, and it’s behind by more than 570 blocks now. “Nethermind is held up for now. Getting in contact with their team,” wrote Hancock. Nethermind hasn’t commented on this issue yet, but their last announcement is from December 31st, saying that the .NET Core Ethereum client’s final version of the year is out.

Additionally, all but two infrastructure providers have been ready for the upgrade, while there is no information available for those remaining two. However, more exchanges have supported Muir Glacier than two days ago. At the time, Bittrex and Bitso had the status of ‘ready,’ while Binance and Huobi had posted announcements that they’ll support the upgrade. Today, Binance is also marked as ‘ready’ on ethernodes, as are Coinbase and Kraken, though Huobi is still under ‘no information’ along with Bitfinex, Gemini, Poloniex, and Bithtumb. Finally, only Ethermine still is under the ‘ready’ status, while there is no information for other mining pools.