This morning Ethereum (ETH) posted its latest all -time high (ATH) price, trading at $ 2,713.
The surge has indirectly brought Ethereum’s market value to over $ 310 billion, comparable to PayPal’s current market value.
Since early 2021, with that record ETH is up 258% while BTC is up almost 90% to the current price, $ 54,386.
Apparently what invited this sudden surge in ETH was due to the announcement from the European Investment Bank (EIB) that it wanted to launch digital bond sales on the Ethereum network.
About $ 121 million of digital bonds will be rolled out in sales managed by Goldman Sachs, Banco Santander and Societe Generale.
At the same time, the DeFi Ethereum ecosystem has reached a record 2 million users!
Not only that, the amount of ETH held by exchanges has declined indicating no sign for investors to sell the asset. Instead, the coins were channeled into the DeFi sector, resulting in locked ETHs hitting 11 million ($ 29 billion).
Messari researcher Ryan Watkins explained: “If Ethereum succeeds, the economy will be able to grow rapidly to surpass the GDP records of major countries. It will change everything about economics and politics. ”
However, as of this writing, ETH is trading at $ 2,622 and BTC is trading at $ 54,358.
