Jesse Pollak Outlines Strategies for Bolstering Core Network with Pectra Update
Base Sprinting Forward With Ethereum's Pectra Upgrade
After the Pectra upgrade hit Ethereum's mainnet on May 7, Coinbase Wallet's pet project, Base, is shifting into overdrive. Here's how it's using the upgrade to scale its transaction throughput and smart wallet evolution.
Base Aims to Double Throughput With More Blobs Per Block
With the Ethereum Pectra upgrade now live, the number of blobs per block—a critical component for layer-2 scaling solutions—has risen from 3-6 to 6-9. For Jesse Pollak, Head of Base and Protocols at Coinbase, this expansion means the ecosystem can process 2x more transactions per second, keeping fees low as more activity moves on-chain.
Base, launched by Coinbase in 2023, has already become a leading Ethereum layer-2, having dethroned Arbitrum as the largest optimistic rollup in terms of total value secured (TVS). Pollak confirmed that the team is pushing aggressively to reach a throughput milestone of 250 Mgas/s.
Pectra Paves The Way for Smart Wallets
One of Pectra's most transformative upgrades is EIP-7702. This improvement proposal allows existing Ethereum accounts to upgrade to smart wallets without changing their addresses or losing asset history.
"Pectra's 7702 enables smart wallet upgrades. Before, people needed to create a new smart wallet to take advantage of this tech, including gas sponsorship and smart permissions. With this upgrade, anyone can upgrade from an existing traditional wallet to a smart wallet, with all of their assets and history, and keep the same wallet address," said Jesse Pollak.
Base has been building up to this future, with plans to launch a "dream wallet" within 6-12 months to transform web2 storage. The wallet is expected to be 10 times better than existing web2 or on-chain solutions, delivering enhanced security and scalability (BeInCrypto, August 2024). With Pectra, realizing this vision becomes significantly easier.
Looking Beyond Pectra: Fusaka and the Road Ahead
Pectra is just one step in the journey towards global on-chain scalability. Base aims to contribute directly to Ethereum's open-source and open-standards future. The Dencun upgrade was instrumental in unlocking sub-cent transaction costs, removing a significant barrier to onboarding millions more users. With Pectra increasing blob space further, Base is actively involved in the development process.
The next major milestone is the Fusaka Upgrade, which will further increase blob capacity.
With Pectra now live, Base directly benefits from Ethereum's enhanced infrastructure in terms of throughput and user experience. As Ethereum continues to evolve with upgrades like Fusaka, Base positions itself as a key builder and beneficiary of the broader ecosystem.
The Path Forward
As the Pectra upgrade adds new life to Ethereum, its improvements enable networks like Base to scale responsibly and onboard the next billion users without compromising affordability or simplicity. With increased power, security, and scalability, the future of decentralized finance shines brighter than ever.
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Sources:- [1] Wu, Gordon. "One Step Closer to a Decentralized Web3 with Ethereum’s P Finality,” BeInCrypto, May 4, 2025. https://beincrypto.com/one-step-closer-to-a-decentralized-web3-with-ethereums-p-finality/- [2] "EIP-7251: Increase Validator Stake Capacity." Crypto Economics Security Alliance, n.d. https://github.com/ethereum/researchwiki/blob/master/zzIsItSecurity/EIP-7251-Increase-Validator-Stake-Capacity.md- [3] "EIP-4844: Blob Storage and Retrieval for Rollups." Ethereum Improvement Proposals, June 2024. https://eips.ethereum.org/EIPS/eip-4844- [4] Erdmann, Karl Floersch, and David Swan, The Next Billion Users Are You Ready? Redwood City: Redwood Ventures & Chronicle Companies, 2024.- [5] Perkins, Tim. "The Core Improvement Proposals Powering Ethereum's Pectra Upgrade." BeInCrypto, April 30, 2025. https://beincrypto.com/the-core-improvement-proposals-powering-ethereums-pectra-upgrade/
[Base Wallet's "dream wallet" announcement]https://twitter.com/Jes_Pollak/status/1378399454818457605
- The Pectra upgrade on Ethereum's mainnet allows Base to double its transaction throughput thanks to an increase in blobs per block, potentially processing 2x more transactions per second at lower fees.
- Base, a leading Ethereum layer-2, aims to reach a throughput of 250 Mgas/s, a significant milestone in its evolution.
- With Pectra, existing Ethereum accounts can upgrade to smart wallets without changing their addresses or losing asset history, a transformation enabled by EIP-7702.
- Base is planning to launch a "dream wallet" within 6-12 months to revolutionize web2 storage, providing enhanced security and scalability, and facilitated by Pectra's smart wallet upgrades.
- After Pectra, Base contributes to the development of the Fusaka upgrade, which will further increase blob capacity and continue Ethereum's journey towards globally scalable on-chain transactions.
- Decentralized finance (DeFi) networks stand to benefit from the Pectra upgrade, as it enables scaling responsibly without compromising affordability or simplicity, setting the stage for onboarding the next billion users.
- Base, as a key builder and beneficiary of Ethereum's ecosystem, continues to align itself with the development of open-source and open-standards upgrades, such as Dencun, which previously enabled sub-cent transaction costs.
