Ethereum is currently the best choice for Wall Street for AI and tokenized infrastructure

Ethereum (ETH) is defended as a central pillar of Wall Street's blockchain-driven future, focusing on its key role in both finance and artificial intelligence. Tom Lee, director of research at Bitwise Asset Management, argued at a recent Manhattan event that Ethereum positioned it to become the core infrastructure of all financial activities and digital asset tokenization.

According to Lee's Lee, first reported by Bloomberg, the network's staking mechanism is key to align institutional benefits with the long-term development of Ethereum. He presented Ethereum as an essential bridge between Wall Street ambitions and the emerging world of AI-driven solutions. Bitwise itself holds ETH of over $6 billion, so his arguments weigh on it, making him one of the largest corporate treasury ministries of assets.

Why Wall Street adopts ETH

Released in 2015, Ethereum already proves itself as the backbone of decentralized finance and tokenization. All transactions on the network require ETH of gas fees, which directly links demand for assets to ecosystem growth. As global finance prepares for mass tokenization, Ethereum's combat-tested infrastructure remains a major focus for major companies.

This has led to several companies, including Bitwise and Sharplink games, adding ETH to the company's Treasury Department. Joseph Lubin, co-founder of Ethereum, highlighted the importance of this trend along with Lee. These companies believe they retain their assets by accumulating ETH and removing them from the open market. Weekly growth as Ethereum Layer 2 Adoption Drive 62.7%Unichain and Base Lead use.

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Despite Ethereum's dominant position, emerging projects are preparing to challenge its governance. Stablecoin Issuer Circle is developing its own Layer 1 blockchain for enterprise-grade payments, and Fintech Giant Stripe reportedly is building a similar infrastructure. Both projects can compete directly with Ethereum for the favorable title of the digital finance basics. Ethereum Layer 2 Network Base is set to break records with big growth in 2024.

These moves demonstrate a rapidly mature and competitive blockchain ecosystem in which financial institutions have multiple high quality options for large-scale tokenization.

The current market for Ethereum stands

During the writing, Ethereum traded at $4,333.25, a 0.54% increase over 24 hours. Its market capitalization was $52.35 billion, with 120 million ETH in circulation. Although tokens continued to exceed $4,300, daily trading volume fell 26.04% to $349.7 billion.

Source: CoinMarketCap

Price fluctuations marked the session and soaked in the afternoon before rebounding near 6pm. By 9am, Ethereum peaked daily, exceeding $4,325. The market-to-market cap ratio of 6.67% showed low liquidity compared to its size.