- “Ethereum is for shipping”
- Ethereum comes close to $2,700
The official X account of the second-largest cryptocurrency, Ethereum, has published a list of 21 things that have been done in the global Ethereum ecosystem over the past few weeks.
The 21 milestones were achieved by top crypto platforms running on Ethereum, as well as the major recent upgrade known as Pectra.
“Ethereum is for shipping”
A fresh post published by Ethereum’s account (@ethereum) on X social media network has shared “21 things the global @ethereum ecosystem got done in the last few weeks.”
The very first one on that list stands as the latest Ethereum upgrade Pectra, which went live at the start of May. Pectra increased the capacity of layer-2 networks on Ethereum by 2x, added validator UX improvements and rolled out smart wallets to improve the general user experience.
Number two comes Stripe and the stablecoin financial accounts announced earlier this month. This update now allows the platform’s users in more than 100 countries to use Ethereum for holding, sending and receiving ETH-based stablecoins, such as USDC. This underscores the role of Ethereum as a major tool for global financial freedom, the tweet boasts.
The list also includes the Uniswap DEX surpassing $3 trillion in all-time swap volume, as well as updates from CoalaPay, BTCS, Coinbase Wallet and many others. Ethereum concluded the tweet, saying that its layer-2 ecosystem is now “stronger and more secure than ever before.”
It also stated that “Ethereum is for secure, decentralized L2s that grow the Ethereum ecosystem.”
Ethereum comes close to $2,700
Over the past day, Ethereum recovered, adding almost 9% and reaching a local high of $2,692. This price recovery took place after ETH plunged by 5.32% in a massive single red candle on the hourly chart.
That fall took ETH from $2,591 to the $2,455 price level. At press time, Ethereum is changing hands at $2,650.
Ethereum rallied, following the price trajectory of its “elder brother” Bitcoin, which smashed a new all-time high above the $111,000 mark on May 21. Prior to that, both Bitcoin and Ethereum spot ETFs experienced massive daily inflows.