Ethereum's Pectra upgrade is set to significantly reshape the blockchain landscape, offering benefits for Layer 2 solutions like Shibarium. The upgrade will lead to reduced transaction costs, faster processing, and enhanced user accessibility.
Ethereum Pectra's Impact on Shibarium
Set to deploy in March 2025, the Pectra upgrade, actively tested on the Holesky network, will enhance Ethereum's scalability and overall user experience. It will enable SHIB, BONE, and TREAT to be used for gas fees in Shibarium through the implementation of Account Abstraction (ERC-4337).
Shiba Inu Market Activity Gains Momentum
With the Pectra rollout approaching, interest in the Shiba Inu ecosystem has surged. Within 24 hours, large investors moved 975.96 billion SHIB, increasing their holdings by 206%. SHIB's price turned green after a major market sell-off triggered $1.4 billion in liquidations.
Shibarium's Future: Will SHIB, BONE, or TREAT Be Used for Gas?
The Pectra implementation process continues with tests on Holesky and Sepolia ahead of the main network. The usage of SHIB, BONE, or TREAT as gas tokens remains uncertain. However, if all goes as planned, Ethereum's fee reduction and Layer 2 solution support, like Shibarium, will be a significant improvement.
The Pectra upgrade will bring improvements in Ethereum's scalability and usability, driving further development of Shibarium and attracting new users.
