Ethereum Sets May 7, 2025 for Pectra Upgrade Launch
1min read Ethereum developers have officially set May 7, 2025, as the target date for the mainnet launch of the Pectra upgrade. This upgrade is a combination of two significant upgrades, Electra and Prague, and includes 11 Ethereum Improvement Proposals (EIPs) aimed at enhancing the network's speed, security, and user experience. The decision to launch on this date was made during a core developer call on Apr. 3, following a successful test on the Hoodi testnet, which was the third and final dry run for the Pectra upgrade.
The Pectra upgrade introduces several key features. One major update allows Ethereum wallets to use smart accounts, which are easier to use and recover if users lose access. Another notable improvement is EIP-7251, which raises the staking limit per validator from 32 ETH to 2,048 ETH. This update is expected to simplify staking for institutions and large holders by reducing the need to run multiple validator nodes. Additionally, the upgrade includes Peer Data Availability Sampling, which allows nodes to validate transaction data without storing everything, and Verkle Trees, which help the network to store data more effectively.
The Pectra upgrade is set to go live at 10:05:11 UTC on May 7. This precise timing is crucial for ensuring a smooth transition and minimizing any potential disruptions to the network. The upgrade is expected to address scalability issues, lower costs, and streamline the staking process, making Ethereum more efficient and user-friendly.
Despite recent market performance challenges, with ETH trading at $1,804 after a 45% decline in the first quarter of 2025, developers remain optimistic. The Pectra upgrade is seen as a significant milestone that will help the network attract new users and boost market confidence. Ethereum surpassed BNB Chain and Solana in March in terms of decentralized exchange volume, recording $64 billion, indicating strong user engagement despite market fluctuations.
