Ethereum developers set a launch date of May 7, 2025 for Pectra, the next major upgrade to the Ethereum network.
This decision was taken during the core developer call On Apr. Pectra Upgrade’s final and third dry run was conducted on April 3 following the successful testing of Hoodi Testnet. Hoodi is ready for mainnet now that developers have fixed the bugs that delayed it earlier.
Pectra combines Electra with Prague into a new release. This release features 11 Ethereums.ETHThe Improvement Proposals will improve the speed of the network, its security and users’ experience. One major update will allow Ethereum wallets to utilize smart accounts. Smart wallets can be used more easily and recovered if the user loses access.
EIP-7251 is another notable enhancement, increasing the stake limit for each validator to 2,048ETH. The update will simplify the staking process for large and institutional holders, as it eliminates the need for multiple validator nodes.
Other important features include Peer Data Access Sampling (which allows nodes validate transactions without having to store everything) and Verkle Trees that help to better organize data in the network.
Ethereum’s market is growing, but its development has not kept pace. performance It has not been a good year. ETH currently trades at $1.804 in this moment, after a 45% drop during the first quarter of 2020.
According to DefiLlama, revenue from transaction fees dropped from $142 millions in January to only $21 million in march. data. The burn rate of Ethereum is at its lowest since August 2021. And since EIP-1559, the total supply has increased by 3%.
Ethereum still surpassed BNB Chain, despite the declines.BNBSolana) (SOLIn terms of volume on decentralized exchanges, $64 billion was recorded in March. According to developers, the Pectra upgrade is expected to help improve the network. attract New users boost confidence in the market.
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Source: crypto.news
