Ethereum's $135B Surge: Upgrades & Institutional Investment Boost Network
Ethereum, the world's second-largest blockchain platform, is boosting its capabilities with major upgrades and a surge in institutional investment. The network's total assets have reached approximately $135 billion, according to a September report by VanEck. Upcoming updates like Fusaka, slated for December, aim to enhance speed and reduce costs, while staking activities are driving growth.
Ethereum is working on scalability and stability through staking and network updates. The upcoming Fusaka upgrade will increase blob capacity, decreasing costs for Layer-2 rollups and maintaining security. This upgrade, along with others, will allow nodes to use probabilistic sampling for more efficient block verification, processing more transactions while keeping the network secure.
Institutional investors are playing a significant role in Ethereum's growth. They are buying and staking ETH, with 68 entities holding about 5.26 million ETH (~$21.7 billion) and U.S. spot ETH ETFs holding 6.75 million ETH (~$28 billion). Together, they control nearly 10% of ETH supply. Services like Hex Trust's custody and staking for Lido's stETH enable institutional clients to stake ETH securely. The growing institutional participation in Ethereum staking signals strong trust in the network's future.
Ethereum's total assets reaching $135 billion and the upcoming Fusaka upgrade indicate a thriving network with the potential for increased efficiency and a growing user base. As institutional staking grows and upgrades like Fusaka strengthen the network, Ethereum could attract more users and projects to its ecosystem, further boosting its position in the blockchain landscape.
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