#五月潜力山寨币  Ethereum surpasses Coca-Cola and Alibaba with 5-day value gain.

Ether’s market cap increased by 42 percent in five days after Ethereum successfully integrated the Pectra boost into its mainnet.

On May 12, Ether’s ETHUSD surpassed Coca-Cola and Alibaba to become the 39th largest asset in the world by market cap. At press time, ETH was trading at around $2,550 and its market cap had exceeded $308 billion.

For comparison, Coca-Cola shares are trading at around $70, giving the company a market value of $303.5 billion. Alibaba shares are trading at around $125, giving it a market value of around $303.7 billion.

ETH’s recent price action comes on the heels of a network upgrade that improved second-layer scaling data storage, validator user experience, and smart wallet user experience features.

Ethereum deploys Pectra upgrade on mainnet

Originally scheduled for March 2025, Pectra was delayed due to technical difficulties that arose during testing.

On February 24, the upgrade was deployed on Ethereum’s Holesky testnet. After the deployment, the upgrade failed to finalize on the network, leaving developers to investigate and resolve the issues. On March 5, Pectra was moved to the Sepolia testnet, where developers encountered bugs that were exacerbated by an attacker mining empty blocks.

To further prepare for the rollout, Ethereum core developers created a new testnet called “Hoodi,” and the upgrade was eventually deployed on mainnet on May 7.

With the upgrade, externally owned accounts (EOA) can act as smart contracts that can handle gas fees and payments using tokens other than ETH. The validator staking limit has also been increased from 32 ETH to 2,048 ETH, simplifying transactions for large investors. The upgrade also increased the number of data chunks per block, providing better scalability for layer-2 networks.

Since the upgrade, the price of ETH has been on the rise. On May 7, Ether was trading at around $1,786. On May 12, Ether rose to $2,550, a 42% increase in value.

Security experts warn of risks after Pectra upgrade

Still, the upgrade brought with it some security risks. After the upgrade, cybersecurity experts warned that attackers could exploit a new transaction type to control EOAs without requiring users to provide on-chain transaction signatures.