Following Ethereum's Pectra update going live on May 7th, Base Network is moving quickly to capitalize on the upgrade for scalability purposes.

Jesse Pollak, the Head of Base and Coinbase Wallet, revealed in an interview with BeInCrypto how they are enhancing transaction throughput and leading the evolution of smart wallet technology.

The Ethereum Pectra upgrade, which has been highly anticipated, was activated on the mainnet on May 7th. This upgrade introduced new features like EIP-7702 and increased blob capacity to facilitate rollup scalability.

According to Pollak, the Pectra upgrade expands Ethereum's data processing capability by increasing the number of blobs per block from 3-6 to 6-9. This enhancement directly impacts Base and other Layer-2 scaling solutions that depend on Ethereum for data availability.

Base, established by Coinbase in 2023, has emerged as a prominent Ethereum Layer-2 platform, surpassing Arbitrum in terms of total value secured (TVS) metrics.

Pollak mentioned their ambitious goal to scale Base to achieve a blockspace throughput of 250 Mgas/s, aligning with Ethereum's broader scaling strategy.

The Pectra upgrade also introduced EIP-7702, enabling existing Ethereum accounts to transition into smart wallets without altering their addresses or losing transaction history. Pollak likened this transition to upgrading from a landline to a smartphone without changing the phone number.

Furthermore, Pollak pointed out Base's contribution to Ethereum's open-source and open-standards model, emphasizing the importance of their involvement in the development of on-chain scalability.

Looking ahead, Pollak highlighted the Fusaka Upgrade as the next crucial milestone for Ethereum, aiming to increase blob capacity and minimize transaction costs to accommodate more users.

With increased TVL and DEX volume for Base since the Pectra upgrade, Pollak envisions a future where Base continues to expand responsibly and facilitate the onboarding of more users to the decentralized finance ecosystem.