TechFlow News, May 29: According to a report by Decrypt, Standard Chartered analysts stated in a Thursday report that Ethereum’s current price does not yet reflect its growing network transaction activity or the rising total value locked (TVL) in decentralized finance (DeFi). The bank reiterated its year-end price target of $4,000 and its decade-end price target of $40,000. The institution noted that Ethereum has already established dominance in the stablecoin and tokenized asset sectors and stands to benefit from Wall Street’s ongoing migration toward digital asset infrastructure. The report also indicated that if real-world assets (RWAs) grow 50-fold over the coming years, on-chain transaction volume and TVL on Ethereum could continue setting new records.
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