๐ Ethereum's Pectra Upgrade and Market Surge
Ethereum recently implemented the Pectra upgrade, its most significant overhaul since the 2022 Merge. This upgrade introduced 11 Ethereum Improvement Proposals (EIPs), aiming to enhance transaction speed, cost efficiency, wallet usability, and increase the staking cap from 32 to 2,048 ETH per validator .
Following the upgrade, Ethereum's price experienced a substantial increase. ETH surged nearly 20%, reaching above $2,100, marking its most significant gain since 2021 . This rally has positioned Ethereum's market capitalization close to $300 billion, solidifying its status as the second-largest cryptocurrency after Bitcoin
