The post Ethereum Pectra Upgrade to Enhance Shibarium: Will SHIB, BONE, or TREAT Be Used for Gas? appeared on BitcoinEthereumNews.com.

Ethereum Pectra introduces affordable bridging, eliminating the need for ETH in gas fees, which could influence Shibarium’s gas token economy and overall accessibility. With Pectra enabling dynamic gas payments, Shibarium may explore expanding gas token options beyond BONE to include SHIB or TREAT. The long-awaited Pectra upgrade of Ethereum network has in store some meaningful enhancements, especially for Layer 2 scaling options such as Shibarium. As the upgrade focuses on cutting costs and enhancing efficiency, the update has also fueled debate regarding whether Shibarium will continue to use SHIB, BONE, or TREAT for gas charges, or if the upgrade will change dynamics. Impact Of Ethereum’s Pectra On Shibarium Layer 2 Scaling Ethereum’s soon-to-be-released upgrade brings with it a number of improvements that will streamline Layer 2 solutions, rendering them more efficient and accessible. Shiba Inu’s marketing lead, Lucie, highlighted this feature in a recent X post, saying, Ethereum’s Pectra upgrade will make Layer 2 solutions faster, cheaper, and easier to use. One of the most significant shifts Pectra introduces is more affordable bridging, as users will no longer need ETH to pay for gas fees when bridging assets, as mentioned in our previous article. This cost savings may make Shibarium more usable, potentially affecting its gas token economy. Onboarding new users will also be easier, as people won’t have to buy ETH prior to engaging with Layer 2 networks. As Ethereum’s network becomes increasingly cost-effective and accessible, the upgrade might boost the usage of Layer 2 networks. Lucie pointed out: Flexible gas payments and better user experience mean more people will use L2s, driving growth and efficiency. Delays Hit Pectra’s Testnet Launch In spite of its promising qualities, the Pectra update was marred by challenges during its initial release. The activation of the Holesky testnet, planned for February 24, experienced…

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Filed under: News - @ February 27, 2025 11:19 pm