Vitalik Proposes Major Overhaul of Ethereum, SHIB Takes Advantage to Surpass HBAR

The cryptocurrency market has recently seen new changes. Influenced by Vitalik Buterin's proposal for a technological upgrade for Ethereum, Shiba Inu (SHIB) has seen its market capitalization rebound, surpassing Hedera Hashgraph (HBAR) to rank 19th among global cryptocurrencies. As of the time of writing, SHIB's market cap is only about $50 million ahead of HBAR, but HBAR's 24-hour trading volume ($164 million) is still higher than SHIB's ($145 million).

**Technological Upgrade May Present New Opportunities for SHIB**

Vitalik Buterin recently proposed replacing the Ethereum Virtual Machine (EVM) with RISC-V architecture to enhance execution layer speed and address scalability issues. If this plan is implemented, SHIB, as an ERC-20 token, may gain more application scenarios, such as directly paying gas fees. Currently, Ethereum's Pectra upgrade is scheduled for May 2025, but Vitalik has indicated that it may be delayed due to technical adjustments.

**Market Performance Comparison**

Ethereum (ETH) has performed worse this year compared to some mainstream coins, with its annual growth lagging behind competitors like Ripple (XRP). Although SHIB experienced a short-term decline, it has recently rebounded more than ETH (ETH has dropped 1.2% in the last 7 days). If the technological upgrade is successfully implemented, it may bring new growth momentum to SHIB and the Ethereum ecosystem.

**Note: Upgrade details are still under discussion, and existing smart contracts will not be affected.**