"Power in crypto has shifted from traditional players to five forces driving onchain finance and control. These forces are stablecoins, ETFs, base-layer upgrades, blockspace security and high-throughput execution. Traditional gatekeepers like exchanges and regulators now play a lesser role. Power in crypto today revolves around five levers: dollar liquidity (stablecoins), capital markets (ETFs and tokenization), base-layer roadmaps, blockspace security markets and high-throughput execution. Since 2024, the balance of influence has shifted away from the old exchanges vs. regulators dynamic to a new center of gravity."
"Bitcoin (BTC) exchange-traded funds (ETFs) now funnel mainstream capital at scale. For example, IBIT by BlackRock alone holds about $85 billion in assets under management (AUM). Stablecoins, meanwhile, have become the fastest dollar settlement rail and, after the introduction of the GENIUS Act, now operate under a federal framework in the US. On the tech side, Ethereum's Pectra upgrade (with Ethereum Improvement Proposal 7702) is reshaping wallet UX, Solana's Firedancer client is approaching rollout,"
Power in crypto has shifted toward five forces: stablecoins, ETFs, base-layer upgrades, blockspace security and high-throughput execution. Stablecoins now act as the fastest dollar settlement rail and operate under a federal framework following the GENIUS Act. Bitcoin spot ETFs channel mainstream capital at scale; IBIT by BlackRock holds roughly $85 billion AUM. Ethereum's Pectra upgrade (EIP-7702) is reshaping wallet UX. Solana's Firedancer client is nearing rollout and targets higher throughput. EigenLayer converts staked Ether into a rentable security market with live slashing. Power is defined by direct control over capital or block space, roadmap authority and credible near-term announcements.
Read at cointelegraph.com
Unable to calculate read time
Collection
[
|
...
]