Ethereum Overview of Internet Development
Ethereum The network has recently demonstrated significant growth momentum.According to the latest data, the Ethereum mainnet has set new records for the number of users, transaction volume, and throughput. Notably, in the first quarter of 2026, the total number of transactions reached 200.4 million, a 38.0% increase from the previous quarter, while throughput rose to 25.78 transactions per second.Meanwhile, transaction fees on the Ethereum Layer 1 network totaled $39.9 million, a 47.9% decrease from the previous quarter, demonstrating the effectiveness of its “low fees for scale” strategy, which aims to unlock more demand through scalability.
Looking ahead, Ethereum plans to implement several major upgrades. The Glamsterdam upgrade, expected in mid-2026, aims to introduce parallel execution and higher gas limits to enhance the base layer’s scalability and reduce transaction costs.The subsequent Hegotá upgrade (expected in the second half of 2026) plans to implement Verkle trees to support stateless clients, further lowering the hardware barrier for nodes and enhancing the network’s decentralization.Additionally, the launch of Ethereum (Ethereum Institutional) as an independent nonprofit organization signals that institutional adoption of the Ethereum ecosystem will accelerate. In the tokenized assets space, Ethereum continues to dominate, with stablecoins, tokenized funds, and other tokenized assets gaining scale on the platform.
Hooked Protocol (HOOK) Project Overview and Market Status
Hooked Protocol is a network focused on Web3 education and user onboarding, designed to lower the barrier to entry for Web3 and drive mass adoption through gamified “Learn & Earn” experiences.Its token, HOOK, is a BEP-20 standard token deployed on the BNB Chain, with a total supply of 500 million.HOOK tokens are primarily used for ecosystem governance, paying for on-chain activities (gas fees), staking rewards, accessing exclusive NFTs and community event privileges, and supporting in-app purchases (a portion of HOOK is burned to reduce the supply).
Hooked Protocol’s main products include the DApp Wild Cash, which once had over 3 million monthly active users, and the AI-driven learning tool Hooked Academy Sensei.Recent project developments include the V4 mainnet upgrade in May 2026, aimed at revitalizing its token and NFT ecosystem, and the ongoing expansion of Web3 partnerships through the HOOKED 2.0 alumni network. However, the HOOK token faces significant challenges in the market.As of this writing, the 24-hour trading volume for HOOK perpetual contracts on CoinGlass is showing $0. Additionally, spot trading of HOOK has been delisted from major exchanges such as Binance, Bybit, and Bitvavo, resulting in a significant reduction in its liquidity and accessibility.HOOK is currently trading near its 52-week low, a far cry from its all-time high of $4.06 (February 5, 2023). This information can be verified on specialized market data platforms such as Svmuu.
The Perpetual Contracts Market and HOOK’s Actual Situation
Perpetual contracts have become a dominant trading instrument in the cryptocurrency market, with trading volume surpassing spot trading in 2025 and showing strong growth on both centralized exchanges (CEXs) and decentralized exchanges (DEXs).Exchanges such as Binance, Bitget, Bitrue, and Kraken have previously offered HOOK perpetual contracts.
However, despite the overall vibrancy of the perpetual contracts market, the actual trading activity of HOOK perpetual contracts differs significantly from its description as the “new trading darling.” As mentioned earlier, its 24-hour trading volume is zero, and the delisting of spot trading further reflects waning market interest.Although there are optimistic expectations within the community regarding HOOK’s future performance, these remain speculative and do not align with current market data. HOOK is considered a highly volatile crypto asset, and its price performance is influenced by various factors, including macroeconomic pressures, outflows from the Bitcoin, and geopolitical uncertainties.
