Consensys analysts believe that Ethereum can provide support for a large number of companies and enterprises by attracting massive institutional capital.
Consensys decentralized finance (DeFi) expert David Shuttleworth stated that although he is not a big fan of Ethereum and prefers multi-chains, he has to recognize its potential as a global payment system:
“You know that Ethereum has done more transactions in the last year than Visa and other financial platforms. I see that it can cover more companies than the payment giants. And payments is the market segment where the massive adoption of Ethereum due to its security and value will be the driving force behind entrepreneurs using it to conduct business.”
Shuttleworth noted that Ethereum still faces competition from other projects that claim to cover such sectors of the crypto market as DeFi. Consensys believes that the current macroeconomic factors will not prevent Ethereum from attracting large capital:
“Rising interest rates could be positive for DeFi, assuming network transaction speeds pick up a bit. Ethereum is slowly starting to become deflationary and very attractive to institutional investors.”
At the same time, the position of Ethereum remains precarious in light of the fact that after the transition of the blockchain to the PoS proof of ownership algorithm, staking of ethers has become an order of magnitude more complicated. And if the situation gradually resolves as validators place Ethereum, then the warning of US Securities and Exchange Commission (SEC) Chairman Gary Gensler that ETH staking after the network merger may be subject to securities law will remain relevant.
Source: Bits
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