Weekly: Fed, ETH and new stablecoin L1s

Sat, 16 Aug 2025 01:23:06 +0000

ETH continues to lead while signs points to an altseason. ETH breaks to 2021 highs as top DATs add >2% supply alongside $2.27B in spot ETF inflows; Q2 13F patterns imply retail-led demand despite more institutional holders; BTC dominance down ~9% since July validates rotation, while Circle’s Arc and Stripe’s Tempo L1s target stablecoin rails where lasting share will be won by utility and cost advantage—not branding.

Read report | Coinbase Research

Monthly Outlook: Expectations on Ethereum

Wed, 15 May 2024 03:19:00 +0000

Author David Han, Coinbase Institutional Research Analyst

Clarifying fundamental demand drivers for ether, and making sense of its narratives.

The recent approval of spot Bitcoin ETFs in the U.S. has strengthened Bitcoin’s identity as a store-of-value and cemented its role in the broader macroeconomic landscape. In contrast, Ethereum continues to face ongoing questions about its core positioning within the crypto ecosystem. Alternative Layer 1 blockchains such as Solana challenge Ethereum’s dominance as the primary destination for decentralized applications. Meanwhile, the rapid rise of Ethereum Layer 2s and the accompanying reduction in ETH burn have introduced uncertainty around ETH’s long-term value accrual model.

Coinbase Research on Ethereum Market Research Center

Weekly: Fed, ETH and new stablecoin L1s

Monthly Outlook: Expectations on Ethereum