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Ethereum Pectra Upgrade and Comparison with Sui
Ethereum (ETH) completed the Pectra upgrade on May 7, 2025, stabilizing its price at $2533, with a weekly increase of 43.6% and a surge in trading volume. The upgrade introduced EIP-7702, enabling 'gasless' transactions for stablecoins like USDC, reducing average costs to $0.168 (0.49-0.832 Gwei), with Layer-2 solutions like Base as low as $0.01, and transaction times around 30 seconds, while L2 transactions are reduced to 1-5 seconds. USDC's trading volume on Ethereum reached $908 billion, accounting for 51% of the stablecoin market, demonstrating its dominance in payments. However, the mainnet's fees and speed still lag behind the emerging public chain Sui.