PANews May 15 news, according to Decrypt, Bernstein analysts reported on Wednesday that Ethereum's incredible growth over the past week (up 42% in 7 days) is mainly due to the increasing recognition of digital assets' actual value beyond just being a store of value. Both institutions and retail investors are showing growing interest in blockchain and stablecoin payments. On the technical side, the Pectra upgrade completed on May 8 has improved network operating efficiency. In terms of applications, the proportion of stablecoin issuance on the Ethereum chain has reached 51%. Stripe recently launched corporate stablecoin account services, and Meta has also restarted its stablecoin project. The report mentions that Robinhood plans to launch tokenized stock services on Ethereum Layer2 and has completed the $179 million acquisition of Layer2 exchange WonderFi. The advancement of the U.S. stablecoin regulatory bill also provides a clearer policy environment for the market. Analysts point out that the continued use of ETH to pay Gas fees on Layer2 networks will create long-term demand support.
