Ethereum's highly anticipated Pectra upgrade officially went live on May 7, 2025, at epoch 364032 (around 6:05 a.m. ET), marking the network’s most ambitious overhaul since the Merge .Decrypt+5Crypto Briefing+5The Block+5
🔧 Key Features of the Pectra Upgrade
Smart Accounts (EIP-7702): This feature allows regular Ethereum wallets (Externally Owned Accounts) to temporarily function like smart contracts. Users can now batch transactions, pay gas fees with stablecoins, and delegate transaction fees to third parties .AInvest
Increased Validator Staking Limit (EIP-7251): Validators can now stake up to 2,048 ETH, up from the previous 32 ETH limit. This change enables more efficient validator operations and potential reward compounding .Yahoo Tech+2Figment+2CoinDesk+2
Enhanced Layer 2 Scalability (EIP-7691): The number of data blobs per block has been doubled, improving data availability for Layer 2 rollups and reducing transaction costs .Coinpedia Fintech News+15Crypto Briefing+15Figment+15
Execution Layer-Triggered Withdrawals: Validators can now initiate withdrawals directly through the execution layer, streamlining the process and reducing wait times .BloxRoute+3Figment+3eipsinsight.com+3
Lower Slashing Penalties: Initial penalties for validator misbehavior have been reduced, though proportional penalties may increase slightly in certain scenarios .Figment
📸 Visual Overview
Here are some visuals representing the Pectra upgrade:
Ethereum's Pectra Upgrade: What Stakers Need to Know  Source: Figment
Ethereum Pectra Upgrade: Everything You Need to Know  Source: Consensys