Kondratiev wave cycles are turning, and 2026 is brewing a new window of opportunity in the crypto market.

An interesting phenomenon worth observing: Blue Origin, owned by Bezos, now accepts Ethereum for space ticket payments, while PwC continues to expand its crypto business footprint—what was once "wild growth" is gradually gaining recognition from top-tier commercial institutions, and Ethereum has become a hub connecting cutting-edge technology with traditional finance.

From the data, the fundamentals of this ecosystem are no longer what they used to be. A single quarter’s deployment of smart contracts has reached 8.7 million, stablecoin settlement functions have become part of the market infrastructure, and quarterly transfer volumes have surpassed $8 trillion—these numbers reflect real economic activity flowing through.

The most intriguing part is here: Ethereum accounts for nearly 60% of the market’s real value and economic activity, yet its market cap share is only 14%. Cutting-edge applications are incubated here, traditional institutions participate here, and ecosystem developers build here—all anchored to this underlying network.

Looking at it from another angle, 2026 might be the inflection point when market collective perception catches up with the ecosystem’s reality.