Ethereum faced significant opposite winds in the first quarter of 2025, macroeconomic pressure and the underperformance of prices downwards for network fees and TVL DEFI. However, in the middle of this turbulence, the network has demonstrated resilience through its L2 ecosystem, its infrastructure economy and the economy of Stablecoin. Upgrades of the key protocol like Pectra signal long -term investments in scalability and conviviality, even if the feeling of the short -term market remains cautious.
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