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Ethereum has gained nearly 45% over the past two weeks, driven by a confluence of regulatory clarity, growing institutional demand, and favorable supply dynamics, according to analysts at Bernstein.
The GENIUS Act, signed by the U.S. president, has recognized stablecoins as legal digital cash. This shift has redirected attention to Ethereum, the leading blockchain that supports stablecoin transactions.
More than 60% of the total USDC supply is hosted on Ethereum. The platform also hosts approximately 33% of the tokenization market for real-world assets valued at $25 billion, concentrated mainly in tokenized money market funds. The largest of these, the BlackRock (NYSE:BLK) $2.8 billion BUIDL fund, is built on Ethereum.
Ethereum's role as an investment asset is reinforced by its staking yield, which is currently around 2.9% in terms of ETH.
