Ethereum continues its surge, confidently trading over $4,600 and approaching a new all-time high. A recent report issued by Bybit, the world’s second biggest cryptocurrency exchange, anticipated that Ethereum would one day underpin trillions of dollars worth of on-chain economic activity. The report, titled "Ethereum at 10: A Decade of Disruption and the Road Ahead," paints a picture of significant technological advancement and deeper integration into the global financial system for the blockchain.
ETH is quickly nearing its all-time high, just 6% below the high it hit in November 2021. Driving this wave is increasing institutional interest in Ether as a treasury asset. Ethereum's current valuation reflects its critical role in securing hundreds of billions of dollars in digital assets and processing millions of transactions daily.
Bybit’s detailed report paints an exciting picture of Ethereum’s future, a decade of transformation. As Ethereum moves towards the 2035 vision, it will scale both its layered approach to computation and its widely distributed nature. Providing this upgrade would unlock trillions of dollars of new annual on-chain economic activity. The exchange forecasts that by 2035, the total supply of ETH could become flat or even negative. This amendment would appreciate its worth several orders of magnitude.
Ethereum's scalability solutions are central to Bybit's optimistic outlook. The report highlights Ethereum’s ability to process up to millions of transactions per second. It will do so in a number of ways, including sharding, Layer 2 rollups, and a new, next-generation virtual machine. In addition, as single-slot finality is rolled out, near-instant settlement will be fully realized, creating a much better user experience.
"Ethereum at 10: A Decade of Disruption and the Road Ahead" - Bybit
These technological advancements should continue to shift Ethereum into the second phase of adoption and functionality that has already begun. Key takeaways As Ethereum evolves and progresses, it is set to become an even more indispensable pillar of the global financial system.
