Large financial organizations continue to bet on Ethereum despite stagnant prices: CEO of SharpLink
Joseph Chalom, former Director of Digital Asset Strategy at BlackRock and now CEO of SharpLink, stated that major financial institutions are quietly placing strong bets on Ethereum as the global infrastructure for asset tokenization, despite the gloomy price developments.
He identified 3 main drivers that could boost Ethereum's activity, including:
- CEO of BlackRock views Ethereum as the toll station for RWA
- Stablecoins and RWA tokens existing on Ethereum are leading, 10 times more than the second blockchain, Solana
- Ethereum has advantages in security and liquidity instead of choosing a fast and cheap blockchain
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