Pectra Upgrade Targets Revival
Ethereum (ETH) has underdelivered in 2024 and early 2025, trading at $1,813 still 56% off its December peak and far below its 2021 high of $4,870. Meanwhile, competitors like Solana and BNB have surged ahead.
But change may be coming. The Pectra upgrade, scheduled for May 7, introduces 11 key EIPs targeting scalability, staking, and usability. EIP-7702 leads the charge by allowing users to pay gas fees in non-ETH tokens removing friction for dApps, games, and first-time users.
New staking features (EIPs 7251, 6110, 7002) will raise validator caps from 32 to 2,048 ETH and streamline onboarding potentially attracting large-scale validators back to the network.
If successful, Pectra could tighten ETH supply and revive momentum. But Ethereum must deliver or risk ceding further ground to faster-moving rivals.
