Ethereum’s sentiment has seen a significant improvement, according to James Butterfill, head of research at CoinShares. The blockchain is expected to continue being the main medium for large stablecoin transactions, with the passage of the GENIUS Act likely to accelerate these deals.
Butterfill attributes this growth to Ethereum’s economic design, which typically yields neutral or even negative net issuance of new coins, keeping supply constrained despite increasing demand. This unique characteristic makes Ethereum well-suited for high-value services like financial operations.
Ethereum was launched in 2015 as a fully programmable blockchain with “smart contracts” that enable self-executing code. Its decentralized system is operated by thousands of participants who earn ether (ETH) as payment.
Compared to Bitcoin, Ethereum’s value proposition differs, with the former reimagining money and the latter reimagining the internet. Major investors are starting to grasp this difference, driving up Ethereum’s potential upside.
As the GENIUS Act nears passage, sentiment around Ethereum is expected to continue growing, driven by its unique strengths in facilitating large-scale stablecoin transactions and providing a secure environment for high-value services.
Source: https://www.axios.com/2025/08/24/ether-all-time-high