News View Non-AMP

Ethereum’s Pectra Upgrade Set to Boost Layer 2 Capacity, ETH Price Jump By 10%

Published by
Mustafa Mulla

Ethereum, one of the leading blockchain networks, is gearing up for its next big upgrade, Pectra, scheduled to launch in March. In a recent tweet post Co-founder Vitalik Buterin recently shared exciting details about this update, highlighting a key change that could significantly boost the network’s efficiency. Meanwhile, Ethereum ETH price recovered from its recent drop & now trading around $2711 reflecting a rise of 10% in day. 

Ethereum’s Pectra Upgrade

Layer 2 solutions, which help Ethereum handle more transactions at lower costs, rely on “blobs” – temporary data storage units. By doubling the blob target from 3 to 6, Ethereum will be able to process more transactions smoothly, reducing congestion and fees. 

This is a big win for decentralized finance (DeFi) platforms, gaming applications, and other services built on Ethereum, as it makes the network more scalable and user-friendly.

Flexible Network Upgrades

Alongside this upgrade, Buterin also proposed a fresh idea to improve how Ethereum handles future upgrades. Instead of relying on traditional hard forks, which require broad consensus and take time to implement, he suggested letting Ethereum stakers vote on blob capacity changes. 

This approach would make the network more flexible, allowing it to adapt quickly to new technological advancements. It also aligns with Ethereum’s vision of decentralization, giving validators a stronger voice in shaping the network’s future.

Debates Over Gas Limit Increase

The Pectra upgrade comes at a time when the Ethereum community is actively discussing other improvements, such as increasing the gas limit. 

According to Gaslimit.pics, a platform tracking validator sentiment, 52% of validators support raising the gas limit. While some believe this could lower transaction fees, others worry about potential risks to network stability.

ETH Price Surges

Meanwhile, Ethereum’s price has been making headlines too. After a recent market dip, ETH surged from 2,300 to over 2,900 in less than 24 hours, partly fueled by news around U.S. President Donald Trump holds tariff plans. 

Adding to the buzz, Eric Trump tweeted bullish sentiments about Ethereum, calling it a “great time to add $ETH.” His comments sparked curiosity, though it remains unclear whether he was addressing individual investors or making a broader statement.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Why Will Ethereum, Solana, and XRP Price Surge More?

The crypto market is flashing green today with Bitcoin touching an all-time-high of $112K today…

July 10, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: How High Will BTC Price Go?

Story Highlights Bitcoin is currently trading at: Predictions suggest BTC could reach $175K in 2025.…

July 10, 2025

Crypto News: Revolut Freezes Crypto Accounts in Hungary Amid Sudden Ban

British fintech giant Revolut has temporarily suspended all cryptocurrency services in Hungary after the Hungarian…

July 10, 2025

Australia Expands Digital Currency Trials with Project Acacia as CBDC Race Heats Up

Australia's Central Bank is taking the next step in its digital currency journey. On Thursday,…

July 10, 2025

Why Bitcoin Price Is Up Today?

Bitcoin has officially done it again, breaking past $112,000 and hitting a new all-time high.…

July 10, 2025

Is Ripple Turning Into an XRP Treasury Company? Bitwise CEO Wonders

Ripple is making headlines again. The company has officially teamed up with BNY Mellon, the…

July 10, 2025