Sevian OG
@sevian
The Ethereum network’s Pectra upgrade, implemented on May 7, 2025, introduced significant enhancements, including increasing the staking limit per validator from 32 ETH to 2,048 ETH, enabling smart account functionality, and improving Layer-2 scalability. As of May 24, 2025, approximately 33.84 million ETH, or 27.57% of the total supply, is staked with 1.05 million active validators. The supply of ETH on centralized exchanges has dropped to 18.73 million ETH, indicating reduced selling pressure. Transaction fees have stabilized, with average gas costs ranging between 5-10 Gwei, thanks to Layer-2 solutions and the Pectra upgrade. On-chain activity remains robust, with protocols like EigenLayer holding 4.4 million ETH in total value locked (TVL), reflecting strong engagement in DeFi and NFTs. $ETH 0 reply
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