Ethereum’s highly anticipated Pectra upgrade is officially scheduled, with the mainnet activation expected on April 8, 2025, pending successful testnet outcomes. With the major improvements that this network brings, it could bring a solid surge in ETH’s price.
Meanwhile, PlutoChain could bring a hybrid Layer-2 platform that might activate new functionalities in Bitcoin’s ecosystem.
Let’s check out all the details below.
Ethereum’s long-awaited Pectra upgrade is officially set to launch on April 8, following testnet deployments on Holesky (February 24) and Sepolia (March 5). The timeline was confirmed during Ethereum’s latest core developer call by Tim Beiko of the Ethereum Foundation.
One of Pectra’s key improvements is expanding blobspace from three to six blobs per block, improving Layer 2 scalability, and reducing fees. The upgrade also introduces execution-layer optimizations and strengthens Ethereum’s deflationary model by accelerating ETH burn rates.
While Pectra could positively impact ETH’s price, market sentiment remains cautious. ETH has struggled to reclaim the $3,000 mark, trading around $2,700 recently.
However, on-chain metrics suggest growing adoption. DefiLlama data shows Ethereum’s total value locked (TVL) at its highest level since 2022, and ETH ETFs have attracted $3.14 billion in net inflows. With Cboe BZX’s recent SEC filing to enable staking for the 21Shares Core Ethereum ETF, demand for ETH may increase in the coming months.
In a recent post on X, crypto angel investor VirtualBacon expressed confidence in Ethereum’s coming market dominance, urging followers not to miss the opportunity. His prediction for ETH is $14,000.
PlutoChain, a new blockchain project, is developing a hybrid Layer-2 infrastructure that may enhance Bitcoin’s ecosystem by addressing some of its biggest limitations.
One of Bitcoin’s long-standing challenges is its slow transaction speed due to 10-minute block intervals. PlutoChain’s Layer-2 solution offers a block time of just 2 seconds.
Additionally, it could introduce smart contract functionality, opening the door for more advanced blockchain applications.
A defining feature of PlutoChain is its integration with the Ethereum Virtual Machine (EVM), potentially bridging Bitcoin’s security with Ethereum’s well-established development environment. This cross-chain compatibility might enable Bitcoin-native applications in decentralized finance (DeFi), NFTs, and AI-powered tools.
Preliminary tests indicate high scalability, with PlutoChain’s testnet processing over 43,200 transactions per day. Another factor that could set PlutoChain apart is its decentralized governance structure, allowing the community to have greater control over protocol decisions.
Security has also been a major focus, with audits conducted by independent firms like SolidProof, QuillAudits, and Assure DeFi.
PlutoChain may help transition Bitcoin from a store of value to a more functional and versatile blockchain platform, without compromising its foundational security.
The Ethereum Pectra upgrade is set to increase scalability, lower costs, and reinforce Ethereum’s deflationary model, potentially driving increased adoption and price momentum.
But, while Ethereum refines its ecosystem, PlutoChain dcould expand Bitcoin’s utility beyond a store of value.
With a hybrid Layer-2 solution with EVM compatibility, PlutoChain could enable faster transactions and smart contract functionality while preserving Bitcoin’s security.
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This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited.
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