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Ethereum flips Coca-Cola and Alibaba as ETH gains 42% in 5 days

  • Ethereum deployed its Pectra upgrade on mainnet on May 7, 2025, causing Ether's market cap to surge surpassing Coca-Cola and Alibaba.
  • The upgrade was delayed from March 2025 due to technical challenges and required creating the Hoodi testnet for thorough preparation.
  • Pectra improved storage of layer-2 data, validator experience, and raised staking limits from 32 ETH to 2,048 ETH, easing large stakers' operations.
  • Ether's price rose 42% in five days to about $2,550 with market cap exceeding $308 billion, making it the 39th-largest asset globally.
  • Following the upgrade, cybersecurity experts warned attackers might exploit new transaction types to drain funds without onchain signatures.
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coinidol.com broke the news in on Monday, May 12, 2025.
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