PANews May 15 news, according to Decrypt, Bernstein analysts reported on Wednesday that Ethereum has seen an astonishing increase in the past week (a 42% increase in 7 days), mainly because digital assets have been more recognized for their actual value in addition to value storage, and institutions and retail investors are increasingly interested in blockchain and stablecoin payments. On the technical level, the Pectra upgrade completed on May 8 improved the efficiency of network operation. In terms of application, the issuance of stablecoins on the Ethereum chain accounts for 51%. Stripe recently launched a corporate stablecoin account service, and Meta also restarted the stablecoin project. The report mentioned that Robinhood plans to launch a tokenized stock service on Ethereum Layer2 and has completed a $179 million acquisition of Layer2 exchange WonderFi. The advancement of the US stablecoin regulatory bill also provides the market with a clearer policy environment. Analysts pointed out that the continued use of ETH to pay for gas fees on the Layer2 network will form long-term demand support.
Bernstein: Ethereum's surge is driven by institutional interest and Layer 2 demand
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