The Ethereum network completed its Pectra upgrade last Wednesday, delivering significant market gains and shifting the foundation’s focus towards enhancing network efficiency. This key development has been met with positive reactions from the industry, as it underscores a strategic shift in how Ethereum is being developed. 2021 saw Ethereum achieve its strongest weekly market performance since then. This latest update focuses on strengthening mainnet capacity and improving user experience. A recent leadership reorganization emphasizes these goals. Ethereum’s Pectra upgrade marks an evolution of the network, with changes in strategy mirroring those seen during the Byzantium update in 2017.