GM! BUIDLers

In this latest issue of HashingBits, we’re diving deep into Ethereum’s Core Developers meetings, covering all the major updates in the Ethereum ecosystem. But that’s not all—we’ll explore the latest happenings in the Aptos, Base. Arbitrum ecosystems, along with advancements in the AI & Web3 space. For developers, we’re highlighting new tools designed to assist smart contract developers and auditors. Also we are taking a look at the recent solana/web3.js library supply chain attack.

EtherScope: Core Developments 👨‍💻

• ​Stateless implementers call #28 (formerly Verkle): file based approach for preimage distribution and implementation in progress of EIP7736 leaf-level state expiry
• ​Client testing call #15: Mekong testnet deposit processing fixed and Pectra-devnet-5 spec discussions
• ​Pectra system contracts for consolidations, withdrawals & block hash lookup; used instead of precompiles, implemented in Assembly
• ​History expiry plan: pre-merge expiry set for May 1, discussed if new eth/70 protocol needed (EIP7639)
• ​All Core Devs process improvements: added Declined for Inclusion EIP status and non-consensus changing EIPs can be included in upgrade Meta EIPs
• ​Mekong testnet: 97% participation, client teams fixing issues
• ​Pectra-devnet-5 spec: ideally launch devnet before the holidays

L1 & L2 Developments

• ​Orderly Network launches on Solana, offering a shared orderbook, simplified SDK for perpetuals integration, and gasless trading with over 70 pairs.
• ​Namada launches mainnet phase 1, introducing multichain shielded transactions for enhanced privacy and data control.
• ​Starknet releases StarkGate v2.0 on Mainnet, introducing improved UX, broader token support, and updated bridging features for accessing its dApps in a low-cost environment.
• ​Coinbase integrates Apple Pay with Coinbase Onramp, supporting fiat-to-crypto conversions with lightweight KYC, US debit card compatibility, and free USDC on/offramping.
• ​Orderly Network is now live on Solana, providing a shared orderbook for traders on Solana and EVM chains.
• ​Meteora announces M3M3, a staking mechanism for memecoins inspired by the (3,3) model, designed to shift memecoin dynamics from PvP to PPP
• ​Particle Network unveils UniversalX, a chain-agnostic trading platform powered by Universal Accounts.
• ​Avalon Labs launches $USDa, a Bitcoin-backed stablecoin on Hemi, offering up to 15% yields and an 8% fixed borrowing rate.
• ​Kamino launches Kamino Swap, a Solana-based exchange using Pyth Network to eliminate slippage, fees, and MEV, ensuring efficient and seamless token swaps.
• ​MilkyWay launches Celestia’s first restaking protocol, allowing assets like TIA, milkTIA, and stTIA to secure MilkyWay AVSs and off-chain programs. mPoint rewards outside Osmosis LP (milkTIA) are discontinued.
• ​Movement announces the launch of Movement Network Mainnet Beta. Infrastructure providers can now begin supporting the network.
• ​Bandwidth availability shows reasonable to increase blob count
• ​EVMMAX implementers call #1: Poseidon planned as first use case

EIPs

• ​EIP7830: Contract size limit increase for EOF
• ​EIP7833: Scheduled function calls
• ​EIP7834: Separate metadata section for EOF

ERCs

• ​ERC7831: Multi-chain addressing
• ​ERC7832: Sustainable NFT collections
• ​ERC7835: wallet_transmitCrossChainIntents method
• ​ERC7836: Wallet call preparation API

EcoExpansions: Beyond Ethereum 🚀

Aptos

• ​Total Value Locked (TVL) surpassed $1 billion for the first time and is up 19x year-over-year on Aptos
• ​Native Aptos USDT now supported by Aptos
• ​Aptos Grant DAO is now in Round 7
• Stablecoin market cap on Aptos has grown by $100M in Q4​

Base

• From “Create wallet” to first onchain action in <1 min.
• Spearbit is collabing with Base to enhance the security of the soldit​
• Tymio is now live on Base.
• ​L1 deposits to Base exceed $5B​

Arbitrum

• Arbitrum added another $1B to its Stablecoin Market Cap in less than a Month.
• ​Arbitrum Connect: interface for users to force include transactions during sequencer downtime

Hackathons, Workshops, CTFs & Events

• Dec 9 – EF internships 2025 application deadline
• Jan 30-31 – EthereumZuri.ch conference
• Feb 23 - Mar 2 – ETHDenver​

Updates on Development Kits & Tools

• Lighthouse v6.0.0: hierarchical state diffs (on-disk tree states) for more compact archive nodes, downgrading requires resync
• Nimbus v24.11.0: faster forward sync, experimental light client-based sync (testing only) and fixes config mismatch errors for unscheduled upgrades
• Foundry: forge build 10-36% faster compilation, forge coverage 2x faster
• Hardhat v2.22.17: adds Solidity v0.8.28 support
• Ape v0.8.21 (Python contract framework): faster console launch & auto fork chains
• ​Tornado Cash reference manual: architecture, Circom circuit, Solidity contracts and client side proof generation & verification
• ​eth_simulateV1 explainer: standardized approach for multicall via JSON-RPC
• Rotki balance scanner (Vyper): query ETH/token balances, deployed on mainnet & L2s
• ​Drift (create cached contract calls): adds hooks
• ​Safe owner manager: manage Safe multisig owners & thresholds in bulk

Explore the Depths of Knowledge: Research Papers, Blogs and Tweets🔖

Twitter

• ​Agents vs Memecoins​
• ​Introducing ELIP-001: Rewards v2​
• ​The Role of Crypto in an Agentic Economy​
• ​Differentiating factors in AI​
• ​Zk Proofs aren’t just for scaling​
• ​Introducing Blinks in Backpack​

Articles

• ​Vana: Powering the future of user-owned AI​
• ​a16z big ideas in tech 2025​
• ​DoubleZero: A framework for high-performance permissionless networks​
• ​ZK Commitments Over TLS: The DiStefano protocol​
• ​Base reaches another all-time high with 8.8 million daily transactions on its network​

Research Papers

• ​DRDST: Low-latency DAG Consensus through Robust Dynamic Sharding and Tree-broadcasting for IoV
• ​DistB-VNET: Distributed Cluster-based Blockchain Vehicular Ad-Hoc Networks through SDN-NFV for Smart City
• ​WACANA: A Concolic Analyzer for Detecting On-chain Data Vulnerabilities in WASM Smart Contracts
• ​Securing RC Based P2P Networks: A Blockchain-based Access Control Framework utilizing Ethereum Smart Contracts for IoT and Web 3.0

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Watch🎥

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Web3 Security

Articles

• ​Evaluating Solidity support in AI coding assistants​
• ​Blockchain for Large Language Model Security and Safety: A Holistic Survey.
• ​Dissecting Payload-based Transaction Phishing on Ethereum.
• zkVM Security: What Could Go Wrong?​

Research Papers

• ​Connecting Large Language Models with Blockchain: Advancing the Evolution of Smart Contracts from Automation to Intelligence
• An Experimental Framework for Implementing Decentralized Autonomous Database Systems in Rust​
• Bridging Culture and Finance: A Multimodal Analysis of Memecoins in the Web3 Ecosystem​

Twitter

• ​A user lost $129M after copying the wrong address from their transfer history. Fortunately, the scammer returned the funds within an hour.
• ​PyPI Python Library “aiocpa” Found Exfiltrating Crypto Keys via Telegram Bot.
• ​Solana/web3.js supply chain attack​

Community Spotlight

Spheron Network @SpheronFDN what is dinner without frens? The DeAI founder & VC dinner w/t @fluence_project @witnesschain @Aptos @akavenetwork ⚡️ in the frames @NareshKx @Angelo_Schalley @tyagicapx @0xMahalakshmi @vyzen_eth @SenorAlex__ 7:25 PM • Dec 6, 2024 7 Retweets 47 Likes Read 3 replies

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Sharp Economy @SharpEconomy Its time to make your eyes on.......... 👀𝗧𝗵𝗲 𝗙𝗼𝘂𝗻𝗱𝗲𝗿𝘀 𝘅 𝗩𝗖𝘀 𝗟𝗼𝘂𝗻𝗴𝗲👀 at #IBW2024. It isn’t just about connections—it's about crafting the future. 👥 The team is here, bringing ideas to life and shaping the Web3 ecosystem. @SharpEconomy @quillaudits_ai… https://x.com/i/web/status/1864655029413491082 6:26 PM • Dec 5, 2024 6 Retweets 16 Likes Read 1 replies

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QuillAudits | Web3 Security 🛡️ @quillaudits_ai GM! Another day, another audit 🕵️‍♂️ This time, we enjoyed working with @LAXCECRYPTO, a real-world chain bridging physical & digital assets. 🚀 We identified 7 areas for enhancement, fine-tuning their ERC20 token contract & optimizing the crowdsale contract’s token purchase… https://x.com/i/web/status/1865020948581355848 6:40 PM • Dec 6, 2024 3 Retweets 14 Likes Read 1 replies

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Pivot @0xPivot_ 🎉 Welcoming Our Amazing Co-Hosts! 🥂 As we gear up for the electrifying - "Pivot Clubhouse: Founders x VCs x KOL Mixer" - we are thrilled to announce an incredible lineup of Co-Hosts who have come together to make this night truly unforgettable! 🌟 A big shoutout to:… https://x.com/i/web/status/1864603118941384887 3:0 PM • Dec 5, 2024 46 Retweets 100 Likes Read 6 replies

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Okto 🐙⛓️ | Orchestrating Web3 @okto_web3 The moment you all have been waiting for is here! Winners of the #Unfold2024 Hackathon are officially announced—Head over to Unfold's official Telegram channel to see who made it to the top Massive GG to everyone who built, hustled, and and brought their ideas to life! Y’all… https://x.com/i/web/status/1864360943762985078 10:57 PM • Dec 4, 2024 4 Retweets 176 Likes Read 9 replies

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QuillAudits | Web3 Security 🛡️ @quillaudits_ai Founder Spotlight Continues 🔥 Next Up at the Founders & VCs Lounge: IBW'24, there will be an exclusive talk from the visionaries behind @SharpEconomy . 📅 Date: 5th Dec 📍Venue: Fox in the field, Bangalore Booked your cab to the venue yet? 👀 RSVP now:… https://x.com/i/web/status/1864308104495813010 7:27 PM • Dec 4, 2024 7 Retweets 18 Likes

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QuillAudits | Web3 Security 🛡️ @quillaudits_ai Just wrapped up an audit for @demexchange! 🕵️‍♂️ Their bridge, powered by @axelar's GMP, connects 1,000+ assets across 60+ blockchains. We neutralized 4 potential issues and ensured their system is secure and reliable. Love working with teams that put security in #DeFi first 🤝… https://x.com/i/web/status/1864272173462114352 https://twitter.com/demexchange/status/1864232763089670652 Demex @demexchange Efficient, secure, and hassle-free bridging is here! 🌉 Demex now supports Axelar’s General Message Passing (GMP), unlocking access to 1,000+ assets across 60+ chains. Trade, lend, and earn from Cosmos to EVM chains and beyond—all powered by @axelar and audited by… https://x.com/i/web/status/1864232763089670652 5:4 PM • Dec 4, 2024 7 Retweets 24 Likes Read 1 replies

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QuillAI Network is Pushing Boundaries

The QuillAI Network is the AI layer for web3 security. In their mission to create a safer web3, QuillAI features an OML-aligned framework incentivising developers and users to build self-sovereign AI agents for dedicated tasks through the fine-tuning of its D-LLM. With agents for solidity (QuillShield) and due diligence (QuillCheck) helping safeguard contracts, transactions, and wallets, QuillAI is empowering web3 users and builders to charge of their security needs.

Stay ahead of security risks and safeguard your assets with comprehensive, real-time risk assessments now across five major blockchains.

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