VanEck's September crypto report highlights a 16% decline in on-chain revenue due to reduced market volatility, with the digital asset treasury expanding to approximately $135 billion. Institutional investors continue to accumulate and stake Ethereum (ETH), posing dilution risks for non-staking holders. The upcoming Ethereum Fusaka upgrade in December is expected to significantly impact the network by expanding Blob capacity, reducing Layer-2 Rollup costs, and allowing nodes to verify blocks through probabilistic sampling. Additionally, Solana completed its Alpenglow upgrade, reducing block finality time to 150 milliseconds.