Ethereum has officially launched the highly anticipated Pectra upgrade, marking a significant milestone for the blockchain. This upgrade activates 11 Ethereum Improvement Proposals, enhancing the network’s functionality and performance.

The upgrade occurred at 10:05 UTC, with the network achieving finality about 12 minutes later. This transition marks a pivotal point following two challenging testnet runs, which demonstrated the resilience and adaptability of Ethereum’s infrastructure.

This upgrade signals a new era for Ethereum, promising improved security, increased validator efficiency, and enhanced scalability for future applications.

As Ethereum continues to evolve, these improvements may lead to increased adoption and possibly a bullish effect on ETH prices moving forward.