Ethereum Is Upgrading to Pectra Today Around 7:06 Korean Time.

Pectra aims to significantly increase Ethereum usability with the largest Ethereum network upgrade since 'Denkun' in 2023.

The Pectra upgrade for Ethereum is about two hours and 51 minutes away as of 4:14 p.m. on Monday, according to CoinDataFlow on Monday.

According to the data, the Pectra upgrade for Ethereum is about two hours and 51 minutes as of 4:14 p.m. on Monday.

According to CoinDataFlow, Pectra, the largest Ethereum network upgrade since Denkun in 2023, is set to introduce several changes to the cryptocurrency.

Among them, the upgrade will increase the number of ether that Valley Data can stake (deposit virtual assets on the blockchain) for maintenance from 32 to 2048.

In addition, the Pectra upgrade will introduce major improvements such as expanding Ethereum's data throughput (blob), reducing fees, enhancing verifier flexibility, and expanding verifier staking limits.

Ahead of the upgrade, domestic virtual asset exchanges have temporarily suspended the deposit and withdrawal of ethereum-affiliated tokens.

Domestic exchanges such as Upbit and Bithumb have stopped depositing and withdrawing ethereum-affiliated tokens (ERCs) from 14:00 on Monday.

Ethereum has been sluggish time recently.

At the end of last month, ethereum’s share of the total virtual asset market fell below 7%.

This is the first time that ethereum has failed to make a presence in the market in the early token disclosure (ICO) boom in 2017.

Unlike bitcoin, which has established itself as ‘digital gold,’ ethereum has an ambiguous presence.

JPMorgan analyzed that bitcoin is forming a strong investment demand as digital gold, but ethereum lacks a differentiated identity.

Unlike bitcoin, which initially focused on its function as a digital currency, ethereum was in the spotlight as a ‘world computer’ based on smart contracts.

However, ethereum's growth is slowing as competitive blockchains such as Solana and Sui grow.

Meanwhile, bitcoin is cruising as funds flow through exchange-traded funds (ETFs) along with the recovery of the U.S. stock market.

According to Faside Investors, a virtual asset statistics site, the cumulative net inflow of 11 bitcoin spot exchange-traded funds (ETFs) listed on the U.S. stock market as of Monday was $40.546.4 billion.

This is close to the record amount of $40.756 billion recorded on February 7.

Bitcoin spot ETFs fell to the level of $35.231.7 billion on the 16th of last month due to continuous net outflows as bitcoin prices have been sluggish since February 7.

This is a 13.44% decrease from the peak.

However, as bitcoin rebounded since the middle of last month, ETFs also continued their net inflow and recovered $40 billion on the 2nd.

Based on the Korean standard, $1.014.7 billion was net inflow from the 2nd to the 6th local time, recovering to 99.60% of the peak.