#TradeWarEases
The upcoming Ethereum network upgrade, named "Pectra", is expected to have a significant impact on the market.....🫴
How does the upgrade affect the market?
1. Performance and cost improvements:
Pectra will include enhancements to network efficiency and transaction processing times, making its use faster and cheaper.
Impact: Positive, as it makes Ethereum more attractive to developers and users.
2. Enhanced security and stability:
The upgrade includes security enhancements at the protocol level, which is essential for long-term trust.
Impact: Positive, supporting larger institutional investments.
3. Greater support for DeFi and NFTs:
Improvements at the base layer help in the more effective development of decentralized applications.
Impact: Increases demand for ETH (the currency).
4. Media interest and speculation:
Major updates typically lead to a temporary price increase due to positive expectations.
Impact: Short-term – potential speculative rise.
When will the upgrade happen?
The Pectra upgrade is expected to launch in the third or fourth quarter of 2025 (approximate date, depending on testing results).
Currently, the upgrade is in the testing and development phase, and the community is closely following the details.