Ethereum devs push to save Holesky testnet

With Ethereum’s largest testnet stuck in limbo — unable to finalize — developers want to move on to avoid delaying Pectra’s rollout

article-image

Shubham Dhage/Unsplash modified by Blockworks

share


This is a segment from the 0xResearch newsletter. To read full editions, subscribe.


The hard fork for the Pectra upgrade on Ethereum’s largest testnet, Holesky, saw the chain split in two. With validators scattered across two chains and slashing protections preventing an easy fix, the network became stuck in a state of non-finality.

Over the past week, developers have thrown everything at the problem. A coordinated slashing event was planned to purge the invalid chain and push Holesky back to finality. Yet, even with patches improving client synchronization, the validator set has remained below the 66% threshold needed for finality. While participation has climbed to 53%, developers now estimate that finality may not be reached until March 28.

The failure to finalize has sparked some debate among Ethereum’s core developers. Some, like CarlBeek, suggested in the aftermath of the bug that Holesky isn’t worth saving, and Ethereum should spin up a replacement testnet instead. Testnets are disposable, and forcing a broken network back to life could waste valuable dev resources.

Others strongly disagree. Holesky is supposed to be supported until 2027. Newly appointed EF co-executive director Tomasz Stanczak stated that making Holesky operational again is a “war mode test” for client teams. If Ethereum developers can’t restore Holesky, what does that say about their ability to maintain mainnet’s resilience?

For staking protocols like Lido, Holesky is mission-critical. Lido contributor Ivan Metrikin warned on today’s Consensus Layer call that without finalizing Holesky, testing staking integrations, monitoring and oracles become nearly impossible.

“For us, it’s really critical that it works,” Metrikin said, noting that on the plus side, Holesky will provide an opportunity to test Lido’s “bunker mode” in a production environment — a sort of silver lining.

In the near term, developers plan to fork Holesky as an additional testnet so as not to lose momentum for a Pectra mainnet launch. But to truly serve as a replacement, it would need to be as large as Holesky, with comparable validator participation, tooling and protocol deployments — an expensive and time-consuming process.

Another concern expressed on the call is that launching a new testnet would cause teams to abandon Holesky, turning it into a “second-class citizen.”

Still, this shadow fork is seen as a compromise to allow testing to proceed this month until Holesky is back on track. The shadow fork may end up serving as the primary testing ground for Pectra, as devs speculate that redistributing validator keys to fully restore Holesky could take up to a year.

It’s unclear how long teams will maintain this new shadow fork, but they did agree to spin down both Devnet 7 and the temporary Mekong testnet.

Wen Pectra?

The Holesky situation isn’t a direct risk to Ethereum — it was an edge case specific to the testnet — but it is a bad look.

And it will delay the Pectra mainnet upgrade slightly. Core developers on the call agreed not to move forward with setting a date for the fork until Holesky finalizes in a few weeks.

One positive sign is that Gnosis’ Chiado testnet implemented the Pectra fork, which was reportedly a success. The EVM-compatible Gnosis chain has historically proceeded to fork its mainnet a few weeks in advance of Ethereum.

For now, Ethereum Foundation researcher Alex Stokes — who moderated the call — signed off on an optimistic note when it comes to Holesky: “It’s been a lot of work and we’re in the middle of it, but we’ll get it back.”


Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (5).png

Research

Outside of stablecoins, the value of tokenized assets sits below $20B, dominated by the following asset classes: private credit, US Treasuries, commodities, institutional alternative funds, stocks, non-US government debt, and corporate bonds. In the coming months, we see the greatest opportunities in the tokenization of illiquid markets, particularly private equity. However, the successful integration of offchain assets into blockchain ecosystems relies heavily on clear and consistent regulatory frameworks, with purpose-built infrastructure to support it.

article-image

Coinbase Asset Management and One River CEO Eric Peters explains why crypto’s not yet focused on fundamentals

article-image

Over the past 24 hours, PumpSwap’s largest liquidity pool by volume contains tokens with the tickers DOGEMOON and ballscoin

article-image

10T Holdings’ Dan Tapiero predicts crypto listings on exchanges are a “mini step” for value moving onchain

article-image

The S&P 500 was mostly flat after a month of losses, and the Nasdaq has been slowly gaining

article-image

Movement Labs is once again at the core of some criticism after it declined to name a market maker offboarded by Binance

article-image

Experts discuss the future of crypto ETFs as Trump puts “money where his mouth is”