#PectraUpgrade
Ethereum's highly anticipated Pectra upgrade went live today, May 7, 2025, at epoch 364032 (approximately 10:05 AM UTC). This marks the network's most significant overhaul since the Merge in 2022, introducing major improvements in staking, wallet functionality, and scalability.
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đ Key Features of the Pectra Upgrade
1. Smart Accounts (EIP-7702)
This proposal enables externally owned accounts (EOAs)âstandard Ethereum walletsâto function like smart contracts. Users can now batch transactions, set spending limits, automate actions, and even pay gas fees in tokens other than ETH. This advancement streamlines user experience and reduces onboarding friction for decentralized applications and wallets .
2. Increased Validator Staking Limit (EIP-7251)
Validators can now stake up to 2,048 ETH, a significant increase from the previous 32 ETH cap. This change simplifies operations for large-scale stakers, reduces hardware requirements, and enhances network efficiency by decreasing the number of validators needed .
3. Execution Layer Withdrawals (EIP-7002)
This enhancement allows validator exits and partial withdrawals to be initiated from the execution layer, providing greater flexibility and reducing reliance on validator keys. It's particularly beneficial for staking pools and delegated validators .
4. Improved Layer 2 Scalability (EIP-7691)
The number of data blobs per block has increased, facilitating better scalability for Layer 2 solutions and potentially reducing transaction fees .
5. Streamlined Validator Onboarding (EIP-6110)
New validator deposits are now included directly in execution-layer blocks, eliminating previous delays and expediting the staking process .
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đ Ethereum (ETH) Market Overview
As of now, Ethereum (ETH) is trading at $1,811.27, reflecting a modest increase of $45.40 (2.57%) from the previous close. The intraday high reached $1,845.68, while the low was $1,765.87.
