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In 2024, Ethereum welcomed a perfect storm of fundamental catalysts, thriving beyond expectations. The voices that predicted Ethereum's decline have been thoroughly disproven, and now the only complaint is that its price has “only” increased by about 50%.
📍 Looking back at 2024, Ethereum made four incredible advancements:
1️⃣ Trump endorsed ETH as a store of value:
The significance of this matter cannot be overstated. Governments have avoided cryptocurrency for over a decade, and now, a president is actually launching applications on Ethereum and using ETH as a store of value asset. Isn't this the best news ever?
2️⃣ ETH ETF inflows accelerate:
The previous U.S. Securities and Exchange Commission (SEC) did everything possible to obstruct Ethereum's development and was once effective. However, since the election, total net inflows for all ETH ETFs have reached $3.5 billion, making it one of the most successful ETFs in history. Additionally, a staked ETH ETF will be launched next year.
3️⃣ A traditional financial investment bank launched a Layer 2 solution on ETH:
This is also a milestone. The bank previously had an internal Ethereum Virtual Machine (EVM) chain but had never connected to a public blockchain. Deutsche Bank's launch of the L2 solution sets a precedent for other institutions on Wall Street.
4️⃣ ETH achieved scalability without sacrificing security:
Coinbase's Base showcases a vision for sustainable blockchain scalability. Retail and consumers will trade on L2 with low fees, while high-value assets will remain on L1. Moreover, unlike other competing Layer 1s, L2 is profitable.
👉🏻 Furthermore, the SEC's crackdown on ETH has ended, meaning ETH can now begin its counterattack. In the face of regulatory shocks, the Ethereum community has remained cautious and conservative. The SEC's withdrawal of lawsuits against ETH means that Ethereum can finally begin to take proactive measures.
Ethereum achieved incredible milestones in 2024, and 2025 will be even more glorious! All upcoming significant legislation, including stablecoin and market structure bills, will provide a clearer regulatory framework for the Ethereum ecosystem.
Institutional investors know that we have only scratched the surface of Ethereum's potential. Ethereum has been making long-term plans and is winning. The golden age of cryptocurrency adoption has arrived, and Ethereum will lead this revival in 2025.