Opinion: the Pectra upgrade will not 'boost' the price of Ethereum

05.06.2025 Roman Petrov

Ethereum logo, melting in the heat ethereum

The hard fork Pectra scheduled for May 7 in the Ethereum network is unlikely to lead to a noticeable increase in the cryptocurrency. This was stated in an interview with Bloomberg by Edward Chen, co-founder of Parataxis Capital.

The update, anticipated by many, will improve the efficiency and utility of the network, the expert noted. But Ethereum needs to find incentives for further adoption, as well as reasons for investors to hold on to their coins, he added.

The previous major upgrade, Dencun, was activated by developers in April 2024.

Pectra includes a series of improvements aimed at enhancing the usability and efficiency of the network. One of the important innovations is the addition of smart contract functionality to wallets, which simplifies their use and recovery.

Among other options is the doubling of BLOB object capacity, from which L2 solutions will benefit.