**Exciting News: Ethereum’s Pectra Upgrade Could Enable SHIB, BONE, and TREAT for Gas Fees Through Account Abstraction (ERC-4337)**
The upcoming Pectra upgrade for Ethereum is set to bring some fantastic changes that could greatly benefit Shibarium, including lower transaction costs, quicker processing times, and enhanced scalability. This upgrade is poised to reshape the blockchain landscape, especially for Layer 2 solutions like Shibarium. By merging the Prague and Electra enhancements, Pectra will introduce more affordable transactions, faster processing, and improved accessibility for users. LucieSHIB, a Shiba Inu executive, recently shared on X how this upgrade will help reduce costs, streamline onboarding, and encourage wider adoption of Layer 2 solutions. This means users won’t need to rely on ETH for moving assets, making Ethereum’s ecosystem much more user-friendly. In the meantime, interest in Shiba Inu is on the rise, with large holder inflows increasing by an impressive 206% as SHIB’s price gains traction.
**The Pectra Upgrade and Its Positive Impact on Shibarium**
According to Ethnews, the Pectra upgrade is scheduled for deployment in March 2025, aiming to enhance Ethereum’s scalability, staking capabilities, and overall user experience. It has already been activated on the Holesky test net, marking a significant milestone. The Sepolia test net will follow on March 5, 2025, with the mainnet launch expected to be finalized on March 6 during the All Core Developers (ACD) meeting. If all goes smoothly, Pectra will be live on the Ethereum mainnet by April 2025. The upgrade will increase staking limits, improve Layer 2 rollups like Shibarium through PeerDAS, and introduce new smart contracts and PeerDAS features. Tim Beiko, a developer at the Ethereum Foundation, notes that this update will optimize transaction speeds, lower costs, and enhance data availability. Shibarium stands to gain significantly from the implementation of Account Abstraction (ERC-4337), allowing users to utilize tokens other than ETH for gas fees. With ERC-4337 being adopted by wallets and protocols, SHIB, BONE, and TREAT will be able to serve as payment tokens for Ethereum gas fees. This will lower the barriers for new users accessing Layer 2 solutions, as they won’t need ETH as a prerequisite. Additionally, the Pectra upgrade will introduce Verkle Trees for storage, reducing node storage requirements and boosting Ethereum’s scalability.
**Shiba Inu Market Activity on the Rise**
The Shiba Inu ecosystem is experiencing a surge of interest as Ethereum’s Pectra rollout approaches. Recent data from IntoTheBlock reveals that significant whale activity has seen 975.96 billion SHIB moved, with a remarkable 206% increase in their overall holdings. Whales are increasingly investing in SHIB, recognizing its potential for growth. Following a major market sell-off that triggered $1.4 billion in liquidations, SHIB’s price has turned positive. The recent rise in Bitcoin from $89,000 has also lifted the entire crypto market. Javon Marks suggests that SHIB is still on its upward trajectory from last year, with a potential price prediction of $0.000081. Additionally, the SHIB burn rate is on the rise, providing further support for the token.
