Recently, the cryptocurrency market has observed an interesting phenomenon: the performance of Ethereum (ETH) has exceeded expectations, and this trend is likely to continue. This judgment comes from the latest research report released by JPMorgan Chase.

The report points out that Wall Street financial institutions are issuing stablecoins on a large scale within the Ethereum ecosystem, and this move has become one of the key factors driving the rise in ETH prices. Analysts predict that with the passage of the U.S. "GENIUS Act", tokens pegged to the dollar will have a significant impact on the market value of Ethereum. It is worth noting that even if these stablecoin assets are issued on Layer 2 networks, they will have a ripple effect on the Ethereum mainnet.

The Ethereum network is becoming the preferred platform for investors to gain exposure to stablecoin growth opportunities. This is mainly due to its strong network effects, making it the favored custody network for most stablecoin assets. Whether issued directly on the Ethereum main chain (Layer 1) or indirectly hosted through various scalability solutions (Layer 2), Ethereum plays a central role in the stablecoin ecosystem.

This trend reflects the gradual integration of traditional finance and decentralized finance (DeFi). As more institutional players enter the market, we may see Crypto Assets, particularly Ether, playing an increasingly important role in the global financial system. However, investors still need to be cautious and closely monitor changes in the regulatory environment and their potential impact on the market.