Ethereum Brags 21 Big Milestones Reached in ETH Ecosystem

Ethereum Ecosystem Achieves 21 Milestones in Recent Weeks

The official Ethereum account on social media has shared a list of 21 significant accomplishments within the global Ethereum ecosystem over the past few weeks. These milestones were achieved by top crypto platforms running on Ethereum, as well as the major recent upgrade known as Pectra.

Key Highlights from the Ethereum Ecosystem Update

• The Pectra upgrade went live, increasing the capacity of Ethereum layer-2 networks by 2x, improving validator user experience, and rolling out smart wallet features to enhance the overall user experience.
• Stripe announced the launch of Stablecoin Financial Accounts, allowing users in over 100 countries to hold, send, and receive Ethereum-based stablecoins like USDC.
• The Uniswap decentralized exchange (DEX) surpassed $3 trillion in all-time swap volume, further solidifying Ethereum's role as a leading platform for decentralized finance (DeFi).
• Updates from various Ethereum-based projects, including CoalaPay, BTCS, and Coinbase Wallet, were also highlighted.
• Ethereum concluded the update by stating that its layer-2 ecosystem is "stronger and more secure than ever before," emphasizing its commitment to secure and decentralized layer-2 solutions.

The Ethereum price has seen a recent recovery, adding nearly 9% and reaching a local high of $2,692 over the past day. This price increase follows a plunge of 5.32% in a single red candle on the hourly chart, which took Ethereum from $2,591 to $2,455. At the time of writing, Ethereum is trading at $2,650.

The Ethereum price rally has mirrored the trajectory of its "elder brother," Bitcoin, which recently set a new all-time high above the $111,000 mark. Prior to this, both Bitcoin and Ethereum spot exchange-traded funds (ETFs) experienced significant daily inflows, further contributing to the positive sentiment in the crypto market.