Ethereum continues to move towards its next major update scheduled for April 2025. This upgrade, known as Pectra, aims to transform the user experience on the network by allowing gas fees to be paid with multiple types of tokens and improving the overall efficiency of the system. The update is part of a broader effort to make Ethereum an even more accessible and flexible platform in the decentralized finance ecosystem.
Meanwhile, the price of Ethereum has shown some weakness against Bitcoin. The value of #ETH compared to BTC has dropped to levels not seen since early 2024, amid concerns about the possible disapproval of Ethereum-based ETFs by the U.S. SEC. Despite this, the ecosystem continues to show signs of growth and consolidation.
In a move that reinforces confidence in its infrastructure, the Ethereum Foundation has invested $120 million in DeFi projects such as Compound, Aave, and Spark. This strategic investment aims to boost the development of decentralized financial applications and strengthen Ethereum's position as the world's leading smart contract network.
