#PectraUpgrade

Ethereum has successfully implemented the Pectra upgrade, its most significant overhaul since the 2022 Merge.

This update introduces 11 Ethereum Improvement Proposals (EIPs), enhancing wallet usability, validator operations, and overall network performance.

Notably, EIP-7702 enables regular wallets to function like smart contracts, allowing for features such as transaction batching and gas fee payments in tokens other than ETH.

Additionally, the staking cap per validator has increased from 32 to 2,048 ETH, streamlining operations for large stakeholders.

While these advancements aim to improve scalability and user experience, immediate impacts on ETH's price remain modest. Nonetheless, Pectra lays the groundwork for Ethereum's continued evolution in the decentralized ecosystem.