The Cronos network officially deployed its Smarturn upgrade on October 30, 2025, at block height 38,432,212, introducing significant enhancements to the Ethereum Virtual Machine (EVM), interoperability, and developer tools. The upgrade includes smart accounts enabled by EIP-7702, allowing user wallets to function as smart contracts, which supports multi-action transactions, custom permissions, and flexible gas payments. Additionally, it incorporates IBC v2 for improved cross-chain communication, new RPC tools for faster data queries, and a mempool for transaction management.
Despite the technical milestone, CRO price fell 4.45% in the past 24 hours to around $0.143, reflecting a 22% decline over the past month. This drop coincided with broader market volatility triggered by the U.S. Federal Reserve's 0.25 basis point rate cut on October 29, which saw Bitcoin slide below $110,000 and total market capitalization dip approximately 2%. Technical indicators show CRO testing key support at $0.142–$0.145, with the Relative Strength Index (RSI) near 40 and MACD displaying mild bullish divergence, suggesting ongoing seller pressure.
Long-term catalysts for Cronos include aiming for 30,000 transactions per second with 0.5-second block times, expansion of its AI Agent SDK for semi-autonomous on-chain agents, and potential ETF exposure through allocations like the Trump Media Crypto Blue Chip ETF (5% to CRO) and Canary Capital's staked CRO ETF under SEC review. The network, with over $535 million in total value locked (TVL), maintains partnerships with AWS and Google Cloud, positioning it for future growth if market conditions stabilize.
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