Ethereum is the digital frontier.

Because it is open and programmable, Ethereum offers a vast uncharted expanse filled with opportunity.

Over the last few years, this frontier has attracted its first major settlements. The freewheeling bazaar of decentralized finance (“DeFi”) has grown into a sector that is beginning to compete with Silicon Valley. This year, a second ecosystem began to put down roots: the creator economy of cryptoart, music, and media.

Meanwhile, the Ethereum community is poised to adopt the most significant changes to the core protocol in its short history. The frontier is finally paving its busy roads.

Like in 2018 and 2019, our goal is to zoom out and show you the bigger picture. This blog post is not comprehensive — writing a comprehensive roundup about Ethereum is nearly impossible. Instead, we focus on a handful of trends we believe were most significant.

Ethereum is the digital frontier.

Because it is open and programmable, Ethereum offers a vast uncharted expanse filled with opportunity.

Over the last few years, this frontier has attracted its first major settlements. The freewheeling bazaar of decentralized finance (“DeFi”) has grown into a sector that is beginning to compete with Silicon Valley. This year, a second ecosystem began to put down roots: the creator economy of cryptoart, music, and media.

Meanwhile, the Ethereum community is poised to adopt the most significant changes to the core protocol in its short history. The frontier is finally paving its busy roads.

Like in 2018 and 2019, our goal is to zoom out and show you the bigger picture. This blog post is not comprehensive — writing a comprehensive roundup about Ethereum is nearly impossible. Instead, we focus on a handful of trends we believe were most significant.