According to Crypto Rover, the Ethereum Pectra update is now live on the ETH mainnet, introducing significant enhancements for traders. The update activates enhanced smart account wallet features focused on improving user experience, which is expected to streamline DeFi and NFT trading workflows (source: Crypto Rover, Twitter, May 7, 2025). Additionally, the Layer 2 scaling solution now offers doubled data storage blob capacity, directly targeting transaction throughput and lower fees—key drivers for increased on-chain activity and liquidity. Validator user experience has also been improved, potentially fostering greater network stability and uptime. Community members are closely monitoring the deployment for any immediate issues. These upgrades position Ethereum for stronger competitiveness against other L1s, likely impacting ETH price action and broader crypto market flows.