Ethereum Activates Pectra Upgrade, Unlocking Smart Accounts and Doubling Layer-2 Data Capacity

By: defi news|2025/05/07 21:00:03

Ethereum developers activated the Pectra hard fork on the mainnet at epoch 364032, around 10:05 UTC on 7 May 2025. The release, a combination of the Prague and Electra codebases, is the network’s largest update since Dencun in 2024.Pectra incorporates 11 Ethereum Improvement Proposals. Key changes include EIP-7702, which turns externally owned wallets into smart-contract wallets and allows users to pay gas in multiple tokens; EIP-7691, which doubles blob data capacity to six blobs per block and aims to cut Layer-2 fees by up to 50%; and EIP-7251, which raises the maximum validator stake to 2,048 ETH while retaining the 32 ETH minimum. Additional upgrades speed up validator deposits, introduce autocompounding rewards, and add on-chain storage of historical block hashes and BLS precompiles.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

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