In May, Bitcoin hit a new all-time high amid rising institutional demand, while Ethereum’s Pectra upgrade improved staking and L2 performance. Hyperliquid led all blockchains in activity, and Pumpfun expanded its memecoin dominance. Markets calmed as U.S. tariffs softened, but uncertainty lingered.

In April, after Trump’s tariff-driven volatility, markets began to recover. Bitcoin outperformed traditional assets, while altcoins had mixed results. The OM token lost $5.5 billion in a liquidity crisis, while Monero saw strong gains driven by rising demand for privacy.

Web3 users are currently clustering around trending applications in the market, yet the technical capabilities of blockchains play an equally crucial role in shaping narratives. This article focuses on Ethereum and its anticipated evolution over the next few years. The foundations being laid by Ethereum developers today are paving the way for breakthrough projects of tomorrow.