Ethereum's recent Pectra upgrade introduces significant enhancements, including increased scalability and the ability to pay gas fees with stablecoins like USDC and Dai. This upgrade aims to improve wallet usability and offers more flexible staking options, raising the staking cap from 32 ETH to 2,048 ETH per validator. These advancements position Ethereum to better compete with other blockchains in terms of transaction speed and cost-effectiveness. Projects like #InitVerse on #INIChain are leveraging such innovations to build scalable and efficient decentralized applications.