Beacon Chain went live on the initial testnet Sapphire in April and it used smaller 3.2 ETH deposits. After that a full 32 ETH nodes were released next month on the Topaz testnet.
The Onyx testnet started in June and operated about 20,000 validators by the end of it. Altona coordinated multi-client testnet for Phase 0 also became operational in the beginning of July to ensure stability before a public testnet could be emerge.
There has been building pressure against Ethereum from the rise in the issuance of stablecoins and the DeFi boom. Gas usage and network fees have hit record highs which has prompted criticism from the platform’s detractors.
Decrypt report stated:
ETH 2.0 has long been in development, and the Ethereum network is currently being pushed to its technical limits as the booming DeFi sector drives transaction volumes upward, potentially slowing the network down.
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