Since June, institutional purchases of ETH have accounted for 3.8% of the circulating supply, and stablecoins on the Ethereum chain account for 40% of blockchain fees.
2025/08/13 20:57
PANews reported on August 13 that Standard Chartered analyst Geoff Kendrick said that since June, institutional purchases of ETH have accounted for 3.8% of the circulating supply, which is twice that of Bitcoin.
Furthermore, the passage of the GENIUS Act in the United States has boosted the adoption of stablecoins, with over half of these issued on Ethereum and accounting for 40% of blockchain fees. The report also notes that Ethereum developers plan to increase Layer 1 throughput tenfold to prepare for high-value transactions and the expansion of the Layer 2 ecosystem.
Earlier news, Standard Chartered Bank raised Ethereum's year-end target price to US$7,500, and it will break through the historical high of US$4,866 in Q3 .
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Coinbase suffered an MEV bot attack due to its interaction with the 0x exchange, resulting in an estimated loss of $300,000.
PANews reported on August 14th that Venn Network security researcher deeberiroz reported, according to The Block, that Coinbase lost approximately $300,000 due to a misconfigured interaction between Coinbase and the
Share
PANews2025/08/14 12:20
Coinbase DEX is now open to 1% of users
PANews reported on August 14 that Coinbase's new listing team leader, Shaaa, tweeted that Coinbase DEX has been first opened to 1% of users and will gradually be opened to
Share
PANews2025/08/14 12:12
Tom Lee: Standard Chartered Bank's increase in ETH's year-end price forecast to $7,500 may be too low
PANews reported on August 14 that in response to "Standard Chartered Bank raising its year-end price forecast for ETH to US$7,500 and reaching US$25,000 by 2028", BitMine's new chairman of
Share
PANews2025/08/14 11:44