#ETH🔥🔥🔥🔥🔥🔥 $ETH This could generate an 'exponential' growth of 10 times in Ethereum (ETH) network fees, claims investor Tom Lee

June 30, 2025

Fundstrat's head of research, Tom Lee, says a catalyst could trigger an exponential increase in network fees for Ethereum (ETH), the second largest cryptocurrency by market capitalization.

In a thread on the social media platform X, Lee states that the next generation will likely prefer to bank with institutions that accept cryptocurrencies, driving a trend towards Bitcoin (BTC) and potentially to Ethereum's corporate bonds.

This trend would be beneficial for Ethereum, given its dominance over stablecoins, which are needed to provide liquidity for crypto assets.

"This is positive for layer 1 blockchains that issue stablecoins.

Why Ethereum?

– most stablecoins are minted on Ethereum

– most 'real world assets' (RWA) in cryptocurrencies are on Ethereum, such as stablecoins, tokenized stocks, tokenized real estate

Stablecoin fees are 30% of Ethereum ETH network fees today:

Treasury Secretary Scott Bessent recently stated that a market of over $2 trillion for stablecoins is reasonable

— this represents an exponential growth of 10 times in network fees for Ethereum ETH

— other nations may mint stablecoins = advantage.

According to DefiLlama, Ethereum has generated over $20 billion in network fees and raised more than $128,709 in revenue in the last 24 hours.