Bitwise’s investment manager Matt HouganEthereum, stating that the sharp retreat in the cryptocurrency market overshadowed important developments 
$2,809.01(ETH) may come to the fore again with the upcoming Fusaka update said. According to Hougan, the update is expected to be completed on December 3. altcoin It can significantly increase the giant’s capacity to capture value and change the direction of the market. The experienced manager stated that this factor, overlooked by investors, could play a major role in the recovery of the cryptocurrency market.
Ethereum’s Value Capture Era Begins
Hougan, Uniswap (UNI) and Ripple 
$0.004518 He emphasized that new economic models seen in projects such as (XRP) have begun to directly benefit coin owners. Thanks to the fee switch mechanism introduced in Uniswap, approximately 16 percent of transaction fees are reduced. UNI coin He said that it can be used for burning, which will strengthen the coin economy. Along the same lines, he suggested that Ethereum’s on-blockchain revenues could increase 5 to 10 times with the Fusaka update.
For those who don’t know Fusaka update It aims to expand Ethereum’s core revenue model by imposing a minimum fee on data records coming from Layer-2 networks. Referring to the technical report published by DigitalAssets, Hougan stated that this change will make intra-Blockchain revenues sustainable and create a radical transformation in Ethereum’s economic infrastructure.
Stating that Ethereum is in a strong structural position despite the current price pressure, Hougan stated that if the update is completed on time, there may be a rapid change in investor perception. According to him, Fusaka’s influence is a powerful catalyst that can revive the general morale of the market.
The New Adjustment Period Changes the Coin Economy
Hougan reminded that coin designs have been limited in the past due to regulatory uncertainty, and many projects have turned to the governance coin model. However, he argued that with the current legal climate becoming clearer, projects are now able to take bolder steps to create real economic value.
XRP Evaluating the fact that mechanisms such as staking started to be discussed in the community as an indicator of this transformation, Bitwise manager said, “The value capture capacity of cryptocurrencies is now going up in one direction.” Hougan predicts that the market will feel the effects of this structural change more clearly starting from 2026.
