Scene Crypto Ethcc in Cannes shows how far ethereum came

Cannes – the new Wall -Strit plumbing is built further Ethereum And this week, his architects took over the same French Riviera Villas and Red Roads taking Cannes Film Festival In May.

A Ethereum community conferenceEither ethcc, captured the city on the beach that is roaring with cry The founders, developers and some institutional giants are now building on infrastructure.

Crypto-Elita has risen to the significant stages of Palais des-cinematic festivals, which now reinstall as a scene for the flagship European event Ethereum.

“The atmosphere this year was sensitive in Cannes,” said Betina Boon Falur, ETHCC power plant over the last seven years. “The prestige of placement combined with the quality of the negotiations, the enhanced growth and Ethereum goals in a wide ecosystem.”

Private parties are scattered by Cliffside Estates and exclusive resorts, but conversations were less about price actions and more about the developing role of Blockchain as the posterior world funding.

The ETHCC, which has been the eighth year, tracked the Ethereum trajectory from ScrapPy Experiment to the institutional basis.

“This impact this year was unmistakable,” said Faller. “From Robinhood, which accepts decentralized financial infrastructure through arbitrary, to local authorities, such as the city of Kanov, studying deeper integration with the crypto -economics.”

Indeed, one of the boldest steps came this week Marvelouswho became the first publicly traded by an American company that launched tokenized stocks On the chain.

At the product of the product conducted in the mansion Belle époque overlooking the sea, Robinhood introduced a wide new Crypto strategy – Including the possibility of European users to trade tokenized American stocks and ETFs through the level 2nd level built on Ethereum.

The ad for the first time to push Robinhood’s shares for $ 100 by turning off a week fresh All the time highs and more than 30% rally since then abandon by S&P 500 During the recent Balan.

Ether which is a native of Ethereum Blockchain, increased by almost 6% per week, and a few public shares related to blockchain rallied next to it.

Divorcing Bitemin TechnologiesA company that appreciates bitcoin has received more than 1200% Since the announcement This would make the ether its main stock of the Treasury. A little digitalwhich Recently left the bitcoin mining This week, it received more than 34%”become a clean game” and the treasure company. And Sharplink GamingWhich this week added more than $ 20 million to its balance, more than 28%jumped on Thursday.

Ether ETF tributary is also growing again – a sign that institutional investors are warming.

This year, Ether is still declining by more than 20% and lags behind Bitcoin in market cap and adoption. But, according to Coinglass, tracking ETH tracking funds, mostly clean tributaries are basically pure tributaries. However, Ether ETFs is only $ 11 billion – compared to $ 138 billion in Bitcoin ETF.

Institutions do not bet on Ethereum on the excitement – they bet on infrastructure.

Even when stall prices and the net facing the winds of the slower revenues of the base layer and faster competitors such as Solana, the momentum changes toward the usefulness.

“Ethereum connects to these major transaction systems,” said Paul Brody, leader Global Blockchain in Ey, CNBC on the sidelines of ETHCC. “Investors, savings, people move money – they will start moving from some old mechanisms to do so in the Ethereum ecosystem that can make these operations faster, but also very important, with considerable new functionality joins it.”

German bank Recently announced that it is building a tokenization platform zksync .

Base And Kraken is also rushed to possess crossovers between traditional actions and a cry.

Coinbase has applied to the SEC to offer trading in tokenized public actions that would diversify its revenue flow and will lead to more direct competition with such brokerage companies as Robinhood and eo.

Crane Announced plans offer 24/7 trade in US tokens in selected foreign markets.

Black“The S-Marquerated Monetary Market Fund, Buidl-Reveled on Ethereum Last year-proposed qualified investors on a leash for yields with ransoms that are settled in real time.

Meanwhile, stablecoins continues to serve as the basis of the financial layer of Ethereum.

Circle USDC-DRUMS by magnitude stable Arays about 65% of its volume on Ethereum rails. According to the latest coinecko “Stag’s Status” Report, Ethereum accounts for almost 50% stablecoin market.

“Builders and ETHCC participants do not pursue the next run of bulls,” said Faller, “they put the basis to make Ethereum home for the next billion users.

Even when new blockchains advertise faster speed and lower fees, Ethereum proves its strength that remains as a trusted network.

Vitalik Buterin, co-founder of Ethereum, told CNBC in Cannes that there is a suggestion that institutions are only concerned about the scale and speed in practice.

“Many institutions mostly tell us that they value Ethereum because it is stable and reliably because it does not decrease,” he said.

The bottle added that firms often ask about privacy and other long-term features-the types of problems that, he said, are “really valuable.”

Tomas Stanchak, New Executive Director Ethereum FoundationHe said institutions choose Ethereum for the same major reasons.

“Ten years, without stopping for a minute. Ten years of modernization, with a huge commitment to the security and resistance of censorship,” he said.

He added that when institutions send orders to the market, they want to be “absolutely sure that their order is honest, that no one has the benefits that the deal is actually implemented at a time when it is delivered.”

These guarantees are becoming more valuable as stable and tokenized assets go to the main one.

A The recent adoption of the brilliant law of the Senatetogether with IPO Circle, Gave the branch The regulatory rear wind and helped to strengthen the role of Ethereum as an infrastructure level for tokenized finance.

Ethereum’s basic values ​​- neutrality, safety and censorship – are competitive advantages.

A real test is now whether Ethereum can scale without losing its values.

“We don’t just want to succeed,” the Buterin said from the main scene this week. “We want to be something that is worth the success.”

He said that hope is that the future generations will look around and see the network that really provided openness, freedom and to permit the masses.

But the week did not end in the conference, he closed the tradition. On the balcony, Montana’s villas, with the look of the Cans of the Bay, the Raawa party caught fire.

The guests of the white color sipped the cocktails like DJ, twisted into the pool, twisting smoke smoke.

This year, Chainlink co -founder Sergei Nazarov and icon Dfe Kulekhov, the founder of Aave, stood on the balcony overlooking the crowd and the light horizon of the ditches.

It was a suitable shooting of the impetus behind the institutional lift of Ethereum and the symbolic transition of Web3 from a niche experiment to the financial main.

See: Robinhood CEO Vlad Tennene explains the “double goal” behind the new crystand platform