$ETH According to new findings from Binance Research, Ethereum’s upcoming Pectra and Fusaka upgrades could mark a turning point for the network’s scalability and long-term potential in crypto payments.

Despite Ethereum being a highly secure and widely used blockchain, the report warns that Solana and BNB Smart Chain are gaining ground in decentralized exchange (DEX) volumes and fees due to faster speeds and lower costs.

Additionally, the Ethereum Object Format will simplify smart contract creation while reducing execution overhead and providing developers with a safer and more efficient experience.