The market value of ETHER increased by 42 %, as Coca-Cola and Alibaba exceeded the ETHEREUM application PECTRA upgrade, enhancing layer 2 scaling and verified features.
ETHER market value increased by 42 % in five days due to the first appearance of ETHEREUM on Mainnet.
On May 12, the roof of the company’s database 8 indicates that ETHER exceeds Coca-Cola and Alibaba, as it ranks thirty-third in the world about $ 2550 in reports time, with a market value exceeding $ 308 billion.
On the other hand, Coca-Cola shares are trading of about $ 70, with a market value of $ 303.5 billion. Alibaba shares are trading about $ 125, with a market value of $ 303.7 billion.
The last high prices of ETH occurred shortly after the network upgrade that made it easier to store data from Layer-2 solutions and improve auditors and smart portfolio users.
Ethereum launches Pectra upgrade on Mainnet
Initially, it was planned in March 2025, Pectra witnessed relapses after technical problems occurred during the test.
On February 24, the upgrade was launched on the ETHEREUM. After the launch, the upgrade did not end correctly, so the developers discussed the problem and worked to repair it. On March 5, the Pectra upgrade was presented to Sepolia Testnet, but developers faced errors that were worse by the attacker who caused empty blocks mining.
To prepare for the upgrade, Ethereum developers created a new test network called “Hoodi” before launching the main network upgrade on May 7.
By upgrade, regular accounts (EOAS) can now act like smart contracts, allowing them to pay gas fees and make payments using other icons other than ETH. Also, the ETH amount required to resist the auditor from 32 ETH to 2048 ETH was raised, making it easy for adult makers. The upgrade also increased the number of data points for each block, which improves the expansion of the second layer networks.
According to Coingecko reports, after the upgrade, the ETH price increased. On May 7, at the present time, Al -Atheer is trading of about $ 1786. On May 12, Al -Atheer reached $ 2550, expressing the value of 42 %.
The security risks highlighted the post -Bakrit upgrade
Stay, the upgrade opened safety gaps. After the upgrade, cybersecurity analysts warned that the attackers may benefit from the new payment type of EOAS administration without the signatures of the payments on the series.
Arda usman, Arda usman, Arda usman, Cointelegraph warned that these weaknesses may allow attackers to steal money using signed messages outside the chain.
Also read:- Outlook experts turn up with Bitcoin approaching $ 104,000
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