DETAIL ANANLYSYS OF ETHERUM ■
Network and Fundamental Health
Pectra Upgrade (Live May 2025):
Doubled blob throughput to ~420 TPS, halving gas fees and boosting .
Enabled validator-cap increases (32–2,048 ETH), contract wallet functionality, and L2 efficiency until next "PeerDAS" upgrade in 2026
On‑Chain Usage:
Monthly L2 revenue share dipped; however, L2 ecosystems like Arbitrum remain strong economies.
Smart contract dependency centralization flagged: ~59% of transactions rely on multiple contracts, with concentration risk .
⚖️ Competition and Risks
Rivals: Solana and Sui currently command larger transaction volumes and fee shares vaneck.
Critiques: Some point to slower updates and user experience issues relative to competitors.
Regulatory Dynamics: U.S. ETF approvals and institutional interest support upside, but stricter crypto oversight remains a possible headwind.
