以太坊（ETH）Pectra更新在2025年第一季度關閉，2018年以來最糟糕的盈利能力

長期以來，以太坊一直是模因帶有悲傷的話題。該網絡在今年第一季度關閉，盈利能力最差

For a long time, Ethereum has been a topic for memes with a touch of sadness. The network closed the first quarter of this year with the worst profitability since 2018. During the first three months of 2025, Ethereum faced a record number of sales. Despite all this, ETH remains a key player in the cryptocurrency world and the second-largest token after bitcoin with a market capitalization of $235.87 billion.

長期以來，以太坊一直是模因帶有悲傷的話題。該網絡在今年第一季度關閉，自2018年以來最糟糕的盈利能力。在2025年的前三個月中，以太坊面臨著創紀錄的銷售量。儘管如此，ETH仍然是加密貨幣界的關鍵人物，也是僅次於比特幣的第二大代幣，市值為2358.7億美元。

Despite the wave of popularity of other blockchains, such as Solana (due to the speculative hype around memecoins), Ethereum continues to demonstrate stable development. Its strengths are powerful Layer 2 projects, an active developer community, and a reliable reputation.

儘管其他區塊鏈（例如Solana）（由於圍繞Memecoins周圍的投機性炒作）的流行浪潮，但以太坊仍在繼續證明穩定的發展。它的優勢是強大的第2層項目，一個活躍的開發人員社區和可靠的聲譽。

Should we expect a powerful jump in Tuzemun after the Pectra update, which finally took place on May 7? This is the largest network upgrade since The Merge in 2022 (and the 19th overall). It promises technical improvements, new opportunities for businesses, investors, and users.

我們是否應該期望在5月7日發生Pectra更新後，Tuzemun有強大的跳躍？這是自2022年合併以來（以及第19位）以來最大的網絡升級。它有望為企業，投資者和用戶提供技術改進，新的機會。

Finally. It has come true!

最後。它已經實現了！

Update the Ethereum blockchain network's Pectra (short for Prague and Electra) is a two-layer upgrade that simultaneously improves the Execution Layer and Consensus Layer of Ethereum. It consists of 11 major Ethereum Improvement Proposals (EIPs) aimed at improving the efficiency, security, and scalability of the network.

更新以太坊區塊鍊網絡的pectra（布拉格和伊萊克特拉的縮寫）是兩層升級，同時改善了以太坊的執行層和共識層。它由11個主要的以太坊改進建議（EIPS）組成，旨在提高網絡的效率，安全性和可擴展性。

The most important changes:

最重要的變化：

* The introduction of account abstraction (EIP-7702) allows users to pay gas fees with any token.

*賬戶抽象的引入（EIP-7702）允許用戶向任何令牌支付汽油費。

* The update will combine small assets into one transaction and process a package of actions (for example, deposit, loan, and exchange in one block; EIP-8049).

*該更新將將小資產合併為一項交易，並處理一攬子措施（例如，存款，貸款和在一個街區中； EIP-8049）。

* Recovery of a crypto wallet will be possible without a seed phrase, for example, using biometric authentication (EIP-6893).

*如果沒有種子短語，可以使用生物識別驗證（EIP-6893）恢復加密錢包。

* Decentralized applications (dApps) can now set spending limits (EIP-7875).

*分散的應用程序（DAPP）現在可以設置支出限制（EIP-7875）。

As a reminder, in 2022, along with The Merge update, the network switched from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS). Unlike PoW, in which validation is performed through complex mathematical calculations, i.e. mining, in PoS, the creator of the next block is selected based on the amount of cryptocurrency he or she owns.

提醒您，在2022年，與合併更新一起，網絡從工作證明（POW）共識機制轉換為驗證證明（POS）。與POW不同，在POW中，通過複雜的數學計算進行驗證，即採礦，在POS中，根據他或她擁有的加密貨幣的數量選擇了下一個塊的創建者。

In general, the new changes optimize the network and make Ethereum more attractive to corporate clients. Previously, Ethereum Foundation (EF) restructures leadership and announces planned Pectra update on May 7. This has led to an increase in blockchain activity.

通常，新的更改優化了網絡，並使以太坊對企業客戶更具吸引力。以前，以太坊基金會（EF）進行了重組，並宣布計劃於5月7日更新Pectra。這導致區塊鏈活動的增加。

What’s wrong with Pectra?

Pectra怎麼了？

Pectra was supposed to be implemented in March. But during testing, Ethereum encounters technical problems on the Sepolia network. An unknown attacker discovered a serious vulnerability, so the update was postponed for two months.

Pectra應該在3月實施。但是在測試過程中，以太坊在塞波利亞網絡上遇到了技術問題。一名未知的攻擊者發現了一個嚴重的脆弱性，因此更新被推遲了兩個月。

One of the main features of the Pectra update is account abstraction (EIP-7702). This functionality allows paying gas fees with alternative tokens. However, users are concerned about a possible decrease in the security of smart contracts and wallets. Users will have to double-check several times when signing transactions on the Ethereum network.

Pectra更新的主要功能之一是Account Accort Actraction（EIP-7702）。此功能允許使用其他令牌支付汽油費。但是，用戶擔心智能合約和錢包的安全性可能會降低。在以太坊網絡上簽署交易時，用戶將不得不多次檢查。

This applies not only to this blockchain, it is a general recommendation. But every time, owners lose huge amounts of money because they sign without looking and checking the message. It is also worth switching to wallets with advanced security measures.

這不僅適用於此區塊鏈，而且是一般建議。但是，每次車主都會損失大量的錢，因為他們在沒有查看和檢查消息的情況下簽名。還值得改用具有高級安全措施的錢包。

Charles Hoskinson, the founder of the Cardano blockchain network, who also co-founded Ethereum, believes that despite all the steps, Ethereum will not last more than 15 years. In his opinion, the network has the wrong accounting model, the wrong virtual machine, and the wrong consensus model. Hoskinson also criticized second-tier solutions, which, according to him, have become parasites of Ethereum.

Cardano區塊鍊網絡的創始人查爾斯·霍斯金森（Charles Hoskinson）也共同創立了以太坊，他認為，儘管採取了所有步驟，但以太坊的持續時間不會超過15年。他認為，該網絡的會計模型錯誤，虛擬機和錯誤的共識模型。霍斯金森還批評了二線解決方案，據他說，該解決方案已成為以太坊的寄生蟲。

Analysts see the positive

分析師看到積極的

Pectra won’t make the ETH price 10x tomorrow, but it will have a positive impact eventually.

Pectra明天不會將ETH價格10倍，但最終將產生積極的影響。

Over the past 24 hours, the network's token price has increased by 6.56% — to $1,956. This is not much and is far from the record high of $4,891. However, this is already a noticeable rise after a long stay in the $1,500-$1,800 zone.

在過去的24小時內，該網絡的代幣價格上漲了6.56％，達到1,956美元。這並不多，距離$ 4,891的紀錄高度很遠。但是，在$ 1,500- $ 1,800的區域長期住宿後，這已經顯著上升。

Last year, JPMorgan experts noted that the Pectra update will strengthen Ethereum's operational efficiency, provide greater institutional adoption, and retail adoption. UX improvements and simplification of smart contracts will attract new projects to the Ethereum ecosystem. EIP-7742 and EIP-7691 will reduce costs and improve rollup performance, which is essential for network scaling.

去年，摩根大通專家指出，Pectra更新將增強以太坊的運營效率，提供更大的機構採用並採用零售。 UX的改進和簡化智能合約將吸引以太坊生態系統的新項目。 EIP-7742和EIP-7691將降低成本並提高匯總性能，這對於網絡擴展至關重要。

CryptoQuant analysts emphasize that ETH is extremely undervalued compared to BTC. This is the first time since 2019. Usually, this indicator would lead to Ethereum outperforming bitcoin. However, supply-side pressure

加密分析師強調，與BTC相比，ETH被低估了。這是自2019年以來的第一次。通常，此指標將導致以太坊的表現優於比特幣。但是，供應側壓力