The Pectra upgrade is a major Ethereum update launched on May 7, 2025, improving scalability, wallet usability (with account abstraction), and staking efficiency. Binance briefly paused $ETH /$ERC-20 deposits and withdrawals during the upgrade, but trading was unaffected.
🔧 Key Features of the Pectra Upgrade
Account Abstraction (EIP-7702): Enables users to pay gas fees with tokens other than $ETH , simplifying transactions and improving wallet functionality.
Increased Validator Stake Limit (EIP-7251): Raises the maximum stake per validator from 32 ETH to 2,048 ETH, allowing for more efficient staking operations.
Enhanced Scalability (EIP-7691): Doubles data block (blob) capacity, reducing Layer 2 transaction costs and improving network throughput.