Fidelity Digital Assets said the Ethereum blockchain Fusaka upgrade marks a decisive shift towards a more strategically aligned and economically coherent roadmap.
Fusaka, a combination of the names Fulu and OSAKA, consists of two simultaneous changes to Ethereum’s consensus and execution layers that are expected to occur in December.
Fidelity Digital Assets said in a report on Thursday that over the years, Ethereum’s development path has been shaped by the priorities of a broad and sometimes competing set of stakeholders.
Analyst Max Waddington writes that Fusaka represents a departure from that pattern, consolidating around narrower goals that more directly enhance scalability, ease of use, and value-add to Ether. Ethereum$3,033.72 itself.
Analysts saw this moment as a maturing of Ethereum’s governance. A shift from slowly calibrated upgrades to a roadmap based on clearer economic intent.
Waddington said that while value generation is not explicitly specified as a core goal, it is a common incentive that brings together developers, users, and investors. That alignment is now manifesting in a renewed focus on protocol-level decisions, particularly layer 1 scaling, which could enhance pricing power and expand platforms’ revenue generation potential.
The report also highlights early signs of changing conditions in Layer 2, which could ultimately push more economic activity and, in turn, more revenue back into the base layer.
While this dynamic could strengthen Ether’s position as a cash-flowing asset, the report warns that these moves come with trade-offs, particularly in how aggressively the network prioritizes monetization without hindering widespread adoption.
The Layer 1 network is the base layer, or the underlying infrastructure of the blockchain. Layer 2 refers to a set of off-chain systems or separate blockchains built on top of Layer 1.
Rather than a one-time technology upgrade, Fusaka signals the next phase for Ethereum, a more focused and economically sustainable platform that asserts pricing power and strengthens the alignment of incentives across the ecosystem, the report added.
read more: Protocol: Ethereum developers target December for Fusaka hard fork
