Recently, Ethereum has had several important developments. On May 7, Ethereum successfully implemented the key Pectra network upgrade, but the market response was relatively muted. The ETH futures premium has remained below the neutral threshold of 5%, and after the upgrade, this indicator remained unchanged at 3%, indicating a lack of interest from leveraged bulls, and traders did not adjust their positions due to the upgrade. $ETH
From the data comparison, Ethereum's leading L2 solution Base currently has 10.3 million monthly active users, far less than Solana's 82.2 million and BNB Chain's 25.9 million. In terms of Total Value Locked (TVL), Ethereum leads with a scale of $53.7 billion, but in the past 30 days, its network fees were only $19 million, while Tron accumulated fees of $51.8 million and Solana accumulated fees of $39.4 million during the same period.
Additionally, the Ethereum Foundation announced in April 2025 that Hsiao-Wei Wang and Tomasz Stańczak will jointly serve as the new co-executive directors. In the coming year, the Ethereum Foundation (EF) will adhere to core values such as resistance review, open-source innovation, privacy protection, and security, focusing on advancing Ethereum's mainnet (L1) and Layer 2 (L2) expansion, enhancing user experience (UX) and application layer construction, and supporting the growth of developers, applications, and users through improved operational management, standard setting, and ecosystem coordination. Moreover, in the first quarter of 2025, the total funding for projects by the Ethereum Foundation is approximately $32 million, covering multiple directions such as community and education, consensus layer, zero-knowledge proofs, developer tools, execution layer, etc., aiming to continuously promote the development of the Ethereum ecosystem and technological evolution.
Regarding the subsequent upgrade plans, the Ethereum Fusaka hard fork is expected to occur in the third or fourth quarter of 2025. However, the originally planned inclusion of the EVM Object Format (EOF) upgrade has been canceled due to technical uncertainty and potential delay risks. EOF aims to improve the efficiency of smart contract execution and reduce overhead by standardizing the bytecode structure, but due to its high complexity and expanded attack surface, it has sparked community controversy, with most users holding a large amount of ETH voting against it.
In terms of price, from May 8 to 9, with the increase in Bitcoin prices, most cryptocurrencies in the network showed an upward trend, with Ethereum's price reaching around $2,180, a 24-hour increase of 20%.
