Ethereum's Pectra upgrade in early 2025 has significantly impacted the Layer 1 blockchain landscape by enhancing liquidity and scalability.
Impact of Pectra Upgrade on Ethereum
The Pectra upgrade aims to improve scalability and reduce costs, including an increase in gas fees for calldata and throughput improvements. This event has contributed to increased market confidence and institutional participation.
Growth of Hyperliquid Transaction Volume
Hyperliquid has reported a 430% rise in transaction volume, climbing from $17 billion to $90 billion within two months, highlighting the significant impact of Ethereum's upgrades on DeFi platforms.
Increase in Institutional Activity in DeFi
As institutional investors monitor Ethereum's updates, an increase in interest in on-chain lending is expected. The recent changes in gas limits reflect a commitment to addressing the growing demand in the blockchain sector.
Ethereum's upgrades and the growth of Hyperliquid mark crucial developments in the cryptocurrency market, enhancing Layer 1 utility while prompting further exploration into blockchain-based financial systems.
