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Ethereum's Store of Value Era

Ethereum's Q2 shows a network in transition with more and more institutions ready to take the plunge.
Ethereum's Store of Value Era
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Yesterday, The DeFi Report released its Q2 Ethereum analysis, revealing a network in transition.

While protocol revenue and onchain fee activity declined due to upgrades like Pectra and the growing usage of Layer 2s, the data also points to something more significant — Ethereum showing clear signs of evolving into a store of value (cue the Blue Money Gospel).

Here are five key takeaways from the report that frame ETH’s shift from utility token to monetary asset. 👇

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David Christopher

Written by David Christopher

556 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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