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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.
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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.