In a recent update, Matrixport highlighted Ethereum’s evolving architecture under the leadership of Vitalik Buterin. As the Pectra upgrade unfolds, the objective is to streamline Ethereum towards a more efficient framework, reminiscent of Bitcoin. This ambitious plan, alongside multiple pivotal improvement proposals, has become instrumental in propelling ETH’s value up by over 60%. While this bullish trajectory is noteworthy, it’s essential to consider the underlying factors at play.
On May 3, 2025, Vitalik unveiled a visionary roadmap for Ethereum’s Layer 1, emphasizing principles of clarity and security. Notably, EIP-4850 introduces an innovative income-sharing mechanism that enhances the interaction between Layer 2 solutions and Ethereum, ensuring that the network benefits from L2 activities. Additionally, EIP-7691 aims to reduce Layer 2 fees while boosting operational efficiency, thereby facilitating a greater volume of on-chain transactions. It’s unusual to witness such a spike in Ethereum settlement volume, typically characteristic of market corrections rather than during upward price movements.
Source: https://en.coinotag.com/breakingnews/ethereums-surge-vitaliks-pectra-upgrade-paves-the-way-for-bitcoin-like-conciseness/