Local Ethereum #5

May 2025 Roundup

Artist: Liam Cobb

🌍 Beginning

Local Ethereum is a newsletter to cover the geo-story of Ethereum.

Asia 🌊

Europe 🏰

North America 🗽

Latam 💃

Africa 🦁

  • Big on wallets, light on volume: Africa’s crypto paradox.

  • Nigeria: Web3Bridge has successfully onboarded ~100 graduates into the Ethereum ecosystem through their cohort training. Graduates now work at companies like Nethermind, Scroll, and Lisk, have received Starknet grants, won Base hackathons, and contribute to Ethereum open source projects.

Oceania 🏄

Global Ecosystem Update 🗺️

  • Ethereum Foundation outlines strategic vision for future growth: Scale L1, Scale L2s (i.e. blobs), and Improve UX (L2 interop + app layer focus).

  • Prior to this April, EF made the goals clear: 1) Maximize the number of people who (directly or indirectly) use Ethereum, in such a way that they benefit from Ethereum's underlying values. 2) Maximize the resilience of Ethereum's technical and social infrastructure.

  • EF new Protocol team change.

  • The Pectra upgrade went live on May 7th, 2025 at 10:05:11 UTC. Learn more.

  • Smart wallet adoption surges with over 11,000 EIP-7702 authorizations on Ethereum within a week of Pectra upgrade, indicating healthy uptake by wallets and dapps.

  • Ethereum stablecoin volume hits record $908 billion as institutions, tech giants, and Trump jump in.

  • The Convergence of Crypto and AI by GSR.

Opportunities 💡

Highlighted Events in June  

Thanks for reading, and have a nice day! 🌸

Best regards,

Riely and the Geodework team.

❤️❤️❤️

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