Bernstein: The value increase of $ETH is driven by institutional interest and demand for Layer 2
🔶🔹#mansooralrhyb On May 15, Bernstein analysts reported on Wednesday, according to Decrypt, that Ethereum saw a remarkable increase last week (a 42% increase in 7 days), primarily because in addition to being a store of value, the actual value of digital assets has been increasingly recognized, and institutions and individual investors are becoming more interested in blockchain payments and stablecoins. On the technical level, the completed Pictra update on May 8 improved
💯 network operating efficiency. In terms of application, the issuance of stablecoins on the Ethereum chain constitutes 51%. Stripe recently launched stablecoin account services for businesses, and Meta also relaunched its stablecoin project. The report mentioned that Robinhood plans to launch a premium stock service on Ethereum Layer 2 and completed the acquisition of the Layer 2 exchange
WonderFi for 179 million dollars. The advancement of the stablecoin regulation law in the United States provides the market with a clearer political environment. Analysts noted that the continued use of ETH to pay gas fees on Layer 2 will support long-term demand.
