Ethereum is planning a major scaling upgrade aiming to increase its Layer 1 throughput by tenfold by 2025. This ambitious initiative, spearheaded by Vitalik Buterin, promises faster and cheaper transactions for users, boosting the adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs). The announcement led to a noticeable surge in Ethereum’s price, reaching close to $3,000 in response to the positive market reaction. This ambitious expansion aims to provide enhanced financial efficiency for both individual and institutional users. 10x scalability promises to be key driver of further growth in DeFi and NFT ecosystems. Vitalik Buterin is closely monitoring network integrity while carefully ensuring that scaling doesn’t compromise Ethereum’s decentralization and security. The initiative enjoys significant community support, which will play a vital role in its success. This change could lead to higher adoption of Ethereum for DeFi and NFT transactions which has positive implications for the market.