Ethereum’s Pectra Upgrade Rescheduled for May 7, 2025: A Leap Toward Enhanced Scalability and Efficiency

In a significant development for the Ethereum blockchain, the highly anticipated Pectra upgrade has been rescheduled to May 7, 2025. This comes after a recent announcement by the CORE developers, detailing the merge of the Prague execution layer with the Electra consensus layer and the inclusion of 11 EIPs aimed at boosting scalability, efficiency, and overall performance.

Ethereum Sets New Date for Pectra Upgrade

Ethereum’s Pectra upgrade, originally planned for March 2025, has been rescheduled to go live on the mainnet on May 7, 2025. The announcement was made during a call held by the blockchain’s CORE developers on April 3. Pectra is one of Ethereum’s most significant upgrades since the transition to proof-of-stake in 2022, merging the Prague execution layer with the Electra consensus layer and including 11 EIPs aimed at improving scalability, efficiency, and usability. The changes were postponed due to technical challenges encountered during testnet implementation, specifically finality issues on the Holesky testnet and a minor bug.

Ethereum Whales Buy the Dip

Ethereum is trading below the $1,900 level and facing ongoing selling pressure. Despite a sharp rejection from the $2,500 mark in late February, bulls have failed to regain momentum, leading to a steady decline in ETH’s price. However, data from IntoTheBlock shows that Ethereum whales are buying the dip, with the largest ETH wallets adding over 130,000 ETH to their holdings in a single day. This suggests confidence from long-term players even as retail sentiment wavers.

This Week in Crypto: Buterin’s L2 Roadmap, Hyperliquid Security, $1 Billion XRP Unlocks, and More

Crypto markets could have a new Ethereum Layer-2 roadmap. Meanwhile, Hyperliquid users could soon start enjoying better security. Vitalik Buterin, the co-founder of Ethereum, outlined a roadmap for Ethereum’s Layer-2 (L2) ecosystem, emphasizing decentralization, security, and cost-efficiency. He advocates for a model that reduces centralization risks while ensuring user-friendly experiences for developers and investors. Buterin also reiterated his commitment to open-source funding within the Ethereum community. Additionally, there will be a significant XRP unlock event.

Vitalik Buterin Pushes for Ethereum L2 Roadmap

Vitalik Buterin, the co-founder of Ethereum, outlined a roadmap for Ethereum’s Layer-2 (L2) ecosystem. The roadmap emphasizes decentralization, security, and cost-efficiency. Buterin advocates for a model that reduces centralization risks while ensuring user-friendly experiences for developers and investors. He also reiterated his commitment to open-source funding within the Ethereum community.