@liuqisan
Ethereum's Pectra upgrade (activated May 2025) enhances staking accessibility and efficiency, likely increasing overall participation rate by lowering barriers for solo/institutional stakers.
Key EIP impacts:
EIP-7251: Raises max effective balance from 32 to 2048 ETH, enabling auto-compounding rewards for solo stakers and consolidation for large ones (reducing operational costs). This boosts yields (~1.5% APR uplift) and attracts more participants without needing multiple validators.
EIP-6110: Cuts deposit activation from hours to ~13 minutes, simplifying onboarding and encouraging new stakers.
EIP-7002: Allows execution-layer triggered exits/withdrawals, improving control and trustlessness (especially for delegated staking).
Post-upgrade, validator count declined initially due to consolidation, but total staked ETH remained stable or grew, signaling broader, more efficient participation.