Ethereum’s Pectra Upgrade Spurs 20% Price Surge, Activates Superchain L2 and Enables EIP-7702

8 posts • GPT (4.1 mini)

Updated May 9, 2025, 05:20 PM

Ethereum's Pectra upgrade went live on the mainnet, introducing several enhancements including improved wallet user experience, increased validator stake limits from 32 to 2,048 ETH, and upgrades to deposit and exit mechanisms along with Layer 2 scalability features. The upgrade marks the first major shift in Ethereum's positioning in two years, enabling new use cases and facilitating adoption to better compete in the crypto space. Despite a modest initial market reaction with ETH price rising only 0.96% and a slight decline in daily active addresses, Ethereum experienced a 20% price surge shortly after, representing its largest gain in four years. The Superchain, Ethereum's Layer 2 ecosystem, activated the Pectra upgrade within 48 hours of its mainnet launch, becoming the first L2 ecosystem to implement it. The Superchain currently handles 12.9 million daily transactions, collects 83% of Layer 2 fees, and contributes to over half of Ethereum’s blob fee burn. The upgrade is expected to enhance these metrics further. Additionally, EIP-7702 was enabled on Superchain Layer 2s, with adoption metrics forthcoming.

More breaking stories on DeepNewz — updated live.

#Ethereum #Pectra #Superchain #L2

Associated Financial Markets

More financial news and market updates→

Related Prediction Markets

Will Bitcoin activate OP_CTV or OP_CAT in 2025?

ETH flipped in 2025?

Ethereum above $2,700 on May 23?

•

View market suggestions→

Sources

optimism.mirror.xyz optimistic.etherscan.io twitter.com theblock.co

Kofi

@0xKofi

EIP-7702 is enabled on Superchain L2s! 🥳🥳🥳 I'm crunching the numbers. Will share adoption metrics in the next few days. https://t.co/iDN8EhOOMz

optimism.eth

@Optimism

The Superchain has upgraded. Pectra landed on Ethereum L1 on Wednesday. Today, just 48 hours later, the Superchain becomes the first L2 ecosystem to turn it on: together. https://t.co/EXREQWjujV

optimism.eth

@Optimism

The scale of the Superchain is already real: it does 12.9 million daily transactions, collects 83 percent of L2 fees, and contributes to over half of Ethereum’s blob fee burn. And with Pectra support, it is only going to get better. https://t.co/UIny8eeMgi