Ethereum Market Research Center (EMRC) — Research, Institutional Analysis & Opinion

Research, analysis, and informed perspectives on Ethereum's ecosystem.

The Internet’s Blueprint for Ethereum: A Trillion-Dollar Public Goods Valuation Framework

This report argues that Ethereum is fundamentally mispriced because markets value it as a for-profit company rather than as a public good. Like the Internet’s base protocols (TCP/IP), Ethereum’s true

The Internet’s Blueprint for Ethereum: A Trillion-Dollar Public Goods Valuation Framework

Ethereum Scaling: An Evolving and Strengthening L1–L2 Relationship

Beyond the Risk-On Trade: Why ETH and BTC Must Graduate to Fundamentals

ETH outperformance expected | Standard Chartered

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Unpacking the State of Ethereum in South Korea

The Future of Financial Infrastructure: Ethereum’s Layer 2 Landscape

The Death of the Cycle: Why Ethereum Is No Longer a Momentum Trade

Ethereum Is Not a Blockchain: It’s a New System with Internet-Like Properties

The Institutional Layer of Ethereum: Obol Thesis

The $50 Billion Cascade: Staking-Enabled ETFs and Corporate Treasuries

Understanding the Implications of the Ethereum Gas Limit Increase

The New L1s Are Just Alternative Chains, Not L1 Killers

Institutions Embrace Distributed Validators as Ethereum Marks 10th Birthday

Ethereum’s Fusaka Upgrade: Scaling Smartly Without Sacrificing Decentralization

Realized Store of Value (RSOV): Measuring the Monetary Base of L1’s

Ethereum Staking in 2025 and Beyond – Institutional Staking Survey Results

Q&A with Danny Ryan on The Race To Rewire Wall Street with Ethereum

Ethereum Doesn’t Need an Elevator Pitch — Its Plurality Defies It

Solana is Not Ethereum, Not an Ethereum Killer, Not even Close

Wall Street Needs a Blockchain. That Blockchain Is Ethereum.

Where Is The Capital in Crypto? A Look at App Capital, a Durable Metric of Blockchain Adoption

The Ethereum Performance Paradox: Why One Metric Doesn’t Capture Blockchain Value

L1 Validators vs. Ethereum L2’s: Cost Comparison for Chain Operators

Resurgent Ethereum Could See Demand Outstrip Supply

The State of Onchain Yield: From Stablecoins to DeFi and Beyond

Understanding SCOPE: Synchronous Composability Protocol for Ethereum

Kaiko Blockchain Ecosystem Ranking Q2 2025 Report

Ethereum (ETH): Overview and Potential Use Cases

Ethereum as the Amazon of Blockchain

Weekly: Fed, ETH and new stablecoin L1s

Underpriced Revolution: Ethereum 2021 vs. 2025

Ethereum: Building the World Ledger

VanEck Crypto Monthly Recap for July 2025

July 2025: Ethereum Comes Alive

Ultimate Guide to ETH as a Productive Asset: 10 Strategies

Bitcoin Needs Its Queen: ETH’s Evolution into a Scarce, Productive, and Institutional Reserve Asset

Why Ethereum is Roaring

ETH as a Productive Treasury Asset

Ethereum is Trustware: The Industrialization of Trust

Beyond Bitcoin: ETH as a Corporate Treasury Asset

The Ethereum Investment (ETH) Report Q2 2025

Blockchains as Emerging Economies

Beyond Stablecoins: The Case for Ethereum

Trust Is the Final Blockchain Frontier

Decentralization is Not an Aesthetic

Ethereum Platform vs. ETH the Digital Asset: Understanding the Distinction

Understanding EIP-7732: Parallelization and Deterministic Execution in Ethereum

Monetary Sovereignty and Ethereum: Why ETH Must Be the Currency of Its Realm

Why Ethereum May Still Be the Smartest Play in Digital Assets

Web3SOC: A Transparency Framework for Ethereum’s Institutional Maturity

Ethereum’s Success: Creating Category and Winning the Mindshare Race

Rethinking Blockchain Valuation for the Age of Decentralized Infrastructure

The Stablecoin Reckoning

Ethereum Can’t Be Valued on Discounted Cash Flow

The Bull Case for ETH Paper

Etherealize’s Bull Case for ETH

The Roll of Network Effects: Ethereum’s Edge Over Solana

The Ethereum Foundation’s Trillion Dollar Security Project

Don’t Let the Cult of Price Hold Crypto Back

The Ethereum Way: What Are Ethereum’s Core Values? – EMRC

Transforming Global Payments: The Role of Tokenized Money & Funds in Cross-Border Transactions – Visa

Touring the Ethereum World in 102 Advanced Dashboards

Stop Comparing Solana to Ethereum

Beyond Bitcoin’s ‘Number Goes Up’

Ethereum INTEROPERABILITY: Connecting the L1, L2s and Beyond – EMRC

Onchain Value: Stablecoins Now Drive Over ⅓ of DeFi Revenue – Keyrock

Ethereum’s Dominance in the RWA Market: Who’s Next in Line? – Tiger

American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework

Ethereum 2025: Usage, dominance, and role in a portfolio – DAS

The Hardness That Defines Ethereum

Comparing Ethereum’s MEV-Boost Model to Jito-Solana- EMRC Research Note

Ethereum’s Fusaka Upgrade: Advancing Scalability, Efficiency, and Validator Coordination – EMRC

ETH in Motion

ETH Beyond the Treasury

Stablecoin Payments from the Ground Up – Artemis, Castle Island Ventures & Dragonfly

Understanding FOCIL – EMRC

PeerDAS: Ethereum’s Data Availability Breakthrough – EMRC

The State of Ethereum – Grayscale

In Defense of Chain Neutrality