Ethereum, the leading platform for smart contracts, is now established as the preferred playground for a growing army of developers and researchers. With a tremendous increase in the number of its researchers since 2019, this blockchain is positioning itself as a true laboratory of ideas and technologies for the future. How has this dynamic taken hold, and what are its implications for the crypto ecosystem?
The question of liquidity in the crypto market remains a major challenge. The recent introduction of exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH) in the United States had raised hopes for improvement. However, according to the latest report from Kaiko, these expectations have only been partially met. Despite an increase in trading volumes on major platforms since November 2022, the reality is that the market remains fragile and vulnerable to sharp fluctuations. This report highlights two areas for reflection: the limited impact of ETFs on the true liquidity of the market, and structural issues.