The Pectra upgrade of Ethereum was officially launched on the mainnet on May 7, 2025, bringing many important improvements:
🔹 Smart Wallet (EIP-7702): Transaction batching, easy wallet recovery, allows others to pay gas fees on your behalf.
🔹 Validator Upgrade (EIP-7251): Increases the staking limit from 32 to 2048 ETH, reducing the number of validators and saving costs.
🔹 Doubles blob capacity (EIP-7594): Supports stronger Layer 2 scaling, reduces transaction costs.
➡️ Major exchanges have temporarily suspended ETH deposits/withdrawals during the upgrade to ensure safety.
➡️ The community is monitoring for 24 hours to address any issues.
