Ethereum Pectra: Efficiency Boost, Unmoved Market

A major upgrade to Ethereum’s infrastructure, Pectra launched on May 7th, aiming to enhance its efficiency and flexibility. The update merges two key projects, Prague and Electra, to improve the execution layer and consensus respectively. However, despite these technical advancements, the cryptocurrency market has shown little reaction to Pectra’s arrival. Ethereum’s price remains relatively stagnant around $1827.