Ethereum: The 175% Rebound and Future Prospects
• Ethereum rebounded significantly by 175% after its worst quarter since 2022, showing growing confidence in its value.
• The rally was supported by capital inflows into exchange-traded funds (ETFs) focused on Ethereum and by a reduction in the supply of ETH, with an increase in holdings.
• The 'Pectra' update introduced technical improvements, including account abstraction and new cryptographic structures, improving flexibility and security.
• Ethereum is becoming the primary basis for stablecoins and tokenization of real assets, with more than 55% of assets tokenized on public blockchains.
• Despite the growth of Solana and BNB Chain, Ethereum remains dominant in total value stuck in DeFi protocols and generates higher daily revenue.
• Institutional adoption of Ethereum is on the rise, with public companies accumulating ETH, seeing cryptocurrency as a programmable infrastructure.
• Ethereum is working on improvements like Fusaka and Glamsterdam to increase scalability and optimise gas costs while maintaining decentralisation and security.
