Steve Grasso: Ethereum stablecoins and tokenized assets surpass market cap

Steve Grasso: Ethereum stablecoins and tokenized assets surpass market cap
Ethereum stablecoins and assets outpace market cap

Steve Grasso, director of institutional sales at Grasso Global, highlights the rapid growth of digital assets built on the Ethereum network.

According to Grasso, Ethereum's market cap currently stands at $256 billion, while stablecoins operating on its blockchain have reached $322 billion after a tenfold increase over five years, with projections targeting $2 trillion by 2030. He also notes that tokenized real-world assets settling on Ethereum now total $65 billion—up by a factor of 245 since 2020—and are projected to hit $10 trillion by 2030. Grasso concludes that the value of the infrastructure is currently less than the aggregate value of activities built atop it.

Grasso has recently tracked shifts in other technology sectors. He reported that nine quantum firms will receive $2 billion and equity investment from the U.S. administration, according to his earlier notes. He also observed that software stocks faced sell-offs on AI concerns, while funds showed interest in semiconductors, as outlined in a recent update.

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