Ethereum is valued for smart contracts, and DeFi has a TVL [total value locked] of over $124 billion, seeing it not only as speculation but as the infrastructure of the future.”Pradeep Singh, CEO of enterprise privacy and security infrastructure firm Gateway FM, told Cointelegraph that these numbers reflect “a fundamental shift in how we value digital infrastructure”:“What we’re witnessing is a growing recognition that significant portions of the global economy will eventually migrate to this infrastructure.
It enables people to build, transact, issue assets and coordinate without intermediaries.”Obchakevich also suggested Ethereum became more attractive after it transitioned to proof-of-stake (PoS), reinforcing “its value as a deflationary asset with growth potential in the digital economy.”Related: ETH may reclaim $2.2K ‘macro range’ amid growing whale accumulationIs Ethereum a deflationary asset?
Ethereum’s market capitalization is essentially pricing in its future role as the settlement layer for everything from financial services to supply chain management.”The Ethereum protocol continues to evolve as developers introduce innovations such as native rollups, further expanding the blockchain’s capabilities and potential use cases.
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Author / Journalist: Cointelegraph by Adrian Zmudzinski
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