Let’s dive in!

🗺️ Regional Adoption

Asia-Pacific

• India: ETHIndia experimented with ETHIndiaVilla - 52 builders working with “Super Hackers” in small teams over 2 days in Bengaluru produced 17 projects across DeFi, x402 payments, and privacy. Quality over quantity.

• Japan: Nyx Foundation, a young R&D collective, deployed an AI agent that discovered 17 vulnerabilities across 8 client implementations in the Ethereum Fusaka audit contest, ranking #1 in submissions and 6th overall in prizes. Automated security finding real bugs.

• China: UC Berkeley’s Decentralized Finance course now has a CN version, translated by Dapp Learning, a grassroots Ethereum dev community making technical education accessible.

• Philippines: Our deep dive on the Philippines Ethereum Ecosystem covers adoption patterns, developer communities, and what’s being built in Southeast Asia’s fastest-growing crypto market.

• Stablecoins and RWA tokenization shape Asia’s crypto rulebook in 2025 - clear frameworks emerging after years of uncertainty.

Europe & North America

• UK: The FCA will prioritize stablecoin payments regulation in 2026, part of the UK’s post-Brexit push to become a crypto-friendly financial hub.

• Ukraine: Ethereum Ukraine turned 4 years old in December 2025, maintaining community and developer activity through unprecedented conditions.

Latam & Africa

• Argentina: The Argentina Builders Archive documents 17 years of crypto history - people, startups, and ideas that shaped the ecosystem. Co-created by Crecimiento with 50 builders and founders. This is how ecosystem memory should be preserved.

• Mexico: Ethereum Mexico 2025 and ETH Cinco de Mayo 2025 recap published. 2026 conference scheduled for June in Mexico City.

• Nigeria: A new Ethereum Community Hub opened at Web3Bridge in Lagos - providing physical space for the growing developer community.

🪐 Global Ecosystem Update

Scale L1, Scale Blobs and Improve UI/UX

• Ethereum Fusaka shipped. Consensys published everything you need to know - focused on blob optimization and validator improvements.

• Vitalik argued Ethereum needs to do more to meet its stated mission: “Build the world computer that serves as central infrastructure for a more free and open internet.”

• Hegota Upgrade timeline published - implementations expected Q2 2026. Focuses on historical data management and state growth.

• Vitalik proposed a trustless gas futures market to provide clear signals of expected gas fees and enable hedging. Users could prepay for gas within defined time intervals.

• Josh Rudolf’s summary of what shipped in 2025 on UX improvements - from Open Intents Framework to EIL.

DeFi, Stablecoins & Payments

• Uniswap governance passed the ‘UNIfication’ proposal, triggering a 100 million UNI token burn and restructuring the protocol’s economics.

• E.H. breaks down the state of x402 at year-end 2025. Adoption growing but fragmented.

• MoneyGram (50M+ customers, 200+ territories) partnered with Fireblocks for stablecoin settlements, following Western Union and other remittance giants. Blockchain payment rails are now proven at scale.

• x402 V2 launched, evolving the standard for internet-native payments based on production learnings.

• Moody’s proposed a framework for rating stablecoins focused on reserve quality. Traditional finance treating stablecoins as a permanent category.

• Visa launched a ‘stablecoins advisory practice’ to help banks and businesses build strategies. The question is “how fast,” not “if.”

Institutional

• JPMorgan launched a tokenized money-market fund on Ethereum.

• Tom Lee’s Bitmine added 44,463 ETH and started staking, treasury now at 3.4% of total supply.

Security

• BlockThreat’s weekly roundup covers latest security news, tools, vulnerabilities, and threats across crypto.

• Busy year for SEAL_911 - An emergency security response team. Review common security tickets to take preventive action early.

Prediction Market

• Coinbase to acquire prediction markets startup The Clearing Company.

• MetaMask and other wallets expanding into prediction markets with Polymarket integration. What was standalone is becoming embedded infrastructure.

2026 Predictions and Theses

• Messari’s Crypto Theses 2026 unpacks the biggest trends shaping capital allocation and builder focus.

• Nine Predictions for 2026 by Paul Veradittakit, Managing Partner at Pantera Capital.

Ecosystem Data 🔢

The Ethereum story isn’t written in numbers, but data offers a glimpse into how the ecosystem moved in 2025.

1.Client diversity has improved!