Current Price*: $2,378.70, with a 23.30% increase in the last 24 hours
*Market Capitalization*: $221.80 billion
*Recent Developments*¹:
- *Pectra Upgrade*: Ethereum's Pectra upgrade has been activated, introducing significant changes to improve scalability, security, and user experience. The upgrade includes 11 Ethereum Improvement Proposals (EIPs) that enhance validator operations, smart contract functionality, and network performance.
- *Smart Accounts*: The Pectra upgrade enables regular Ethereum accounts to be more programmable, allowing users to execute multiple transactions simultaneously and pay gas fees with different cryptocurrencies.
- *Validator Stake Limits*: The maximum effective balance per validator has been raised from 32 $ETH to 2,048 ETH, reducing the number of validators needed and improving network efficiency.
- *EIP-7702*: Allows externally owned accounts (EOAs) to temporarily behave like smart contract accounts, enabling features like transaction batching and gas sponsorship.
- *EIP-7251*: Increases the maximum effective balance per validator from 32 ETH to 2,048 $ETH , reducing validator count and improving network efficiency.
- *EIP-7691*: Doubles the number of blobs that can be processed per block, improving data availability and lowering Layer 2 transaction costs.
*Future Developments*³:
- *Fusaka Upgrade*: Expected to introduce full danksharding via PeerDAS, significantly improving speed and scale.
- *Verkle Trees*: A type of data structure designed to optimize how Ethereum nodes store and access information, promising to enhance scalability and reduce storage requirements.
