Ethereum $ETH Foundation Announces Major Upgrade to Slash Gas Fees

📅 June 1, 2025 | 📰 Crypto News

![Ethereum Logo or ETH Chart Image Placeholder]

In a significant move today, the Ethereum Foundation has announced plans for the upcoming "Pectra" Upgrade, aimed at drastically reducing gas fees and improving transaction throughput on the Ethereum network.

🔧 What’s Coming in the Upgrade?

The Pectra upgrade will combine Proto-Danksharding (EIP-4844) enhancements with a new fee-optimization algorithm that could lower gas fees by up to 40% in congested periods.

The testnet rollout is scheduled for late June, with the mainnet upgrade expected in Q4 2025.

💬 Vitalik Buterin commented on X (formerly Twitter):

"Ethereum must scale sustainably — with this upgrade, we’re taking a giant leap toward efficiency without compromising decentralization."

📊 Market Reaction

ETH saw a 5.2% spike following the announcement, briefly crossing the $4,200 mark. Analysts predict strong bullish momentum if the testnet phase succeeds.

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🔍 TL;DR:

Ethereum’s $ETH Pectra upgrade aims to reduce gas fees by ~40%.

Mainnet launch set for Q4 2025.

ETH price surged post-announcement.

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