Blockchain

• ether.fi is the 5th-ranked DeFi protocol by TVL, with over 3.4 million ETH restaked and the highest YoY LST growth across the category. • The protocol spans three revenue lines:

• Introduction 18 projects raised $62 million this week, led by Inference Research ($20M), Avenia ($17M), and LevlFi ($7M), while Strategy, Bitmine, and DDC Enterprise added roughl

Stacks Q4 2025 shows 120% DeFi TVL growth. STX price drops 57%, market cap falls 57%. Dual Stacking introduces BTC-native yield pilot. Protocol revenue declines 32%, daily transact

• I am stepping down from my co-ED role at the EF at the end of February 2026. • Bastian Aue is taking over the co-ED role alongside Hsiao-Wei. • The future is bright for builders,

• Executive Leadership Update Posted by Ethereum Foundation Board on February 13, 2026 Organizational Today, we are announcing a transition in the executive leadership team at the

• Fuse: The Energy Network and TGE Key Insights Fuse’s Energy Network targets an inefficiency in modern electricity markets: renewable energy is increasingly cost-effective, but gr

• Active Subgraphs reached a new all-time high of 15.5K, up 3.0% QoQ, indicating continued developer engagement despite a sharp slowdown in new Subgraph creation. • Layer 2 network

• TL;DR - Cryptocurrency flows to suspected human trafficking services, largely based in Southeast Asia, grew 85% in 2025, reaching a scale of hundreds of millions across identifie

• Chainalysis is excited to announce upgraded support for Stellar, one of the longest-running blockchains in the ecosystem. • Founded in 2014, Stellar has a strong technical and hi

• Stablecoin market cap rose 0.58% to $307.7B, with USDC up 3.30% and USDT up 7.08%. • Active addresses fell 2.85% while monthly volume surged 62.21%. • Transaction volumes dropped

• The Superchain captured 12.7% of total crypto transactions by H2 end and has maintained more than half of the total L2 market share by transactions since April 2025. • Aggregate

• BNB Chain (BNB) is an ecosystem of blockchains where each chain serves a particular function. • The three core components of BNB Chain are as follows: The metrics in this report

• When Machines Become Economic Actors Key Insights As markets dwelled over the past four months, foundational primitives emerged quietly, including x402, an HTTP-native standard f

• TVL plunged 63.5% QoQ to $157.2M, stablecoin supply dropped 33.4%, reflecting DeFi deleveraging. • Lending protocols Yei Finance and Takara Lend drove 76.1% of the quarterly TVL

• Pyth’s average daily price updates increased 31.4% QoQ from 675,100 in Q3 to 886,700 in Q4. • Cumulative price updates reached 907.1 million at the end of Q4, up 10.3% QoQ from 8

• Chainalysis Hexagate now available to MegaETH builders for secure development and deployment. • Real-time ML-powered threat detection across smart contracts, tokens, and protocol

• In November 2025, CMC20 launched on BNB Chain as Reserve’s core broad-market onchain index, allowing holders to gain diversified exposure to the top 20 cryptocurrencies by market

• 22 projects raised $463 million this week, led by Gold.com ($150M), Anchorage Digital ($100M), and TRM Labs ($70M), while Strategy, DDC Enterprise, and TRON Inc. • added roughly

• spot XRP ETFs launched in November 2025, reaching $1 billion in AUM in less than four weeks, the fastest to do so since ETH. • The offering significantly expands U.S access to XR

• Sai is a perpetual decentralized exchange (perp DEX) built on Nibiru, a high-throughput Layer-1 with a unified EVM and Wasm execution layer. • The perp DEX has proven to be the d

• Introducing the EF Academic Secretariat 2026 PhD Fellowship Posted by Shyam Sridhar and Theo Beutel on February 5, 2026 Organizational The EF’s Academic Secretariat team is proud

• A valuation of Lighter Key Insights Lighter has emerged as crypto’s second-largest perp DEX,capturing 17% of the perp DEX market by volume in 2025. • Lighter’s core differentiati

• Welcome to In The Stables, a weekly briefing on the most important developments shaping the global stablecoin ecosystem. • Each edition delivers clear, data-driven insights into

• Crypto doesn’t wait for your next scheduled course Crypto and crime are moving faster than most training programs can keep up with. • In 2025 alone, global crypto scams reached a

• Over 50 payments-focused applications on Polygon PoS facilitated $3.57 billion in transfer volume, up 96.5% QoQ and 399.2% YoY. • Stablecoin-linked crypto cards processed $362.6

• As of September 2025, India had 46.1 million fixed wireline broadband subscribers, representing less than 5% penetration in a country of over 1.4 billion people. • Connectivity i

• SparkLend is the leading institutional-grade, blue-chip money-market protocol in DeFi, beating out Aave V3’s Prime Market instance in market size, variety of blue-chip assets off

• This week, Chainalysis welcomes Sebastien Giroux as the company’s Chief Financial Officer. • As a key member of the leadership team, Seb will lead the finance organization and se

• Stablecoins are no longer a theoretical innovation. • They are now operating as production-grade financial infrastructure, supporting real-time settlement, cross-border payments,

• Trillion Dollar Security Day at Devconnect Posted by Ethereum Foundation Team on February 3, 2026 Security During Devconnect Buenos Aires, the Ethereum Foundation andSecureumTrus

• 270M phishing attempts on Ethereum and BSC, 17M victims, $83.8M lost. • Attack exploits wallet address usability; attackers craft lookalike 40‑char hex addresses. • Scammers send

• Q4 2025 saw robust growth across the Ethereum ecosystem, with diverse community and education grants. • Cal Hacks 12.0 at UC Berkeley tackled AI and Web3, fostering collegiate in

• Fusaka upgrade live, adding Data Availability Sampling and independent blob parameter adjustments. • Blob Parameter Only forks now allow blob count increases without full fork cy

• Devcon 8 is coming to Mumbai, India in November 2026 Posted by Devcon Team on December 23, 2025 Events Devcon, the Ethereum community’s annual global gathering for builders, will

• Hegota Upgrade EIP Proposal Timelines Posted by Protocol Support team on December 22, 2025 Research & Development Fusaka shippedPeerDASin addition to a myriad of minor features a

• Shipping an L1 zkEVM #2: The Security Foundations Posted by George Kadianakis on December 18, 2025 Research & Development Thanks to Arantxa Zapico, Benedikt Wagner, and Dmitry Kh

• Disclaimer: The following blog is a proposal from the Stateless Consensus team. • Content may not imply consensus views, and the EF is a broad organization that includes a health

• Devconnect Argentina Recap The biggest global Ethereum gathering, a first-of-its-kind World’s Fair, and thousands of different experiences Posted by Devcon Team on December 4, 20

• Q3 2025 brought an exciting wave of innovation and community energy! • Explore the projects we funded this quarter and the work they’re advancing: Category | Project | Recipient

• Making Ethereum Feel Like One Chain Again Posted by Yoav Weiss and Account & Chain Abstraction Team on November 18, 2025 Research & Development Disclaimer: The following blog is

• Checkpoint #7: Nov 2025 Posted by Protocol Support Team on November 15, 2025 Research & Development Ethereum’s weekly All Core Developer calls are a lot to keep up with, so this

• Fusaka Mainnet Announcement Posted by Protocol Coordination Team on November 6, 2025 Protocol Announcements Fusaka follows this year’sPectra upgrade, representing a major step fo

• 2 weeks to Devconnect: Everything you need to know Posted by Devcon Team on November 4, 2025 Events In two weeks, we open the doors tothe first-ever Ethereum World’s Fairat La Ru

• Unveiling ESP’s New Grants Program Posted by Ecosystem Support Program Team on November 3, 2025 Ecosystem Support Program Over the past few years, the Ethereum ecosystem has grow

• Fusaka Update - Transaction Gas Limit Cap arrives with EIP-7825 Posted by Toni Wahrstätter on October 21, 2025 Research & Development Starting with the upcomingFusakahard fork,EI

• Fusaka Update - Information for Blob users Posted by Marius van der Wijden on October 15, 2025 Research & Development tl;dr: Over the last couple of days, some L2s noticed that t

• Announcing the 2026 EF Internship Posted by Protocol Support Team on October 14, 2025 Research & Development The Ethereum Foundation has opened applications for the 2026 Internsh