Ethereum's Pectra upgrade was launched on the mainnet with significant changes impacting execution and consensus layers.
Key upgrades include EIP-7702 enabling account abstraction for wallets to act like smart contracts, EIP-7251 increasing the staking cap, and EIP-7691 expanding blobspace for scalability.
Despite new features offering more functionality, concerns about security risks like unauthorized transactions and contract permissions have been raised.
Market response to the upgrade has been stable, with Ethereum's price holding around $1,830 as users cautiously navigate the enhanced capabilities.