Core/shell nanocatalysts are ac lass of promising materials,w hicha chieve the enhanced catalytic activities through the synergy between ligand effect and strain effect. However,i th as been challenging to disentangle the contributions from the two effects,whichhinders the rational design of superior core/shell nanocatalysts.H erein, we report precise synthesis of PdCu/Ir core/shell nanocrystals,w hichc an significantly boost oxygen evolution reaction (OER) via the exclusive strain effect. The heteroepitaxial coating of four Ir atomic layers onto PdCu nanoparticle gives arelatively thickIr shell eliminating the ligand effect, but creates ac ompressive strain of ca. 3.60%. The strained PdCu/Ir catalysts can deliver al ow OER overpotential and ah igh mass activity.D ensity functional theory (DFT) calculations reveal that the compressive strain in Ir shell downshifts the d-band center and weakens the binding of the intermediates,c ausing the enhanced OER activity.The compressive strain also boosts hydrogen evolution reaction (HER) activity and the strained nanocrystals can be served as excellent catalysts for both anode and cathode in overall water-splitting electrocatalysis.