$ETH #Ethereum Pectra Upgrade Compared to Sui

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

Sui, with its parallel processing and memoryless pool design, has transaction fees of only $0.0001-$0.001, and confirmation times of 0.4-0.8 seconds, making it suitable for high-frequency microtransactions, far surpassing Ethereum's mainnet performance. Nevertheless, Ethereum attracts institutional funds with its 'Trillion Dollar Security Plan' and mature ecosystem, while Layer-2 scalability alleviates fee pressure. However, SEC regulation and ETF fund outflows ($55 million) bring uncertainty.