Fidelity, a $4.5 trillion asset manager, recently published a study about Ethereum. The report claims that the value of Ethereum is tied to network usage, and that increased adoption of the Ethereum network could lead to an increase in the price of ether. The report also discussed Ethereum’s deflationary properties since introducing the EIP 1559 fee burns in 2021.The report also highlights the Merge, Ethereum’s transition from proof-of-work to proof-of-stake, as a way to generate yield through staking. According to the study, Ethereum accrues value through increased network activity, which drives demand for block space and generates cash flow that can benefit token holders. The report estimates Ethereum’s price based on assumptions about the growth rate network fees.Fidelity also recognizes adoption milestones for Ethereum such as Franklin Templeton, a $1.5 trillion asset manager, embracing Ethereum to process its fund transactions and keep a record of share ownership. And the European Investment Bank is using Ethereum for issuing bonds. Ethereum has experienced a slight change of 0.2% in the past day and a drop of roughly 7% in the previous month, according to data from CoinGecko.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	European Investment Bank, Franklin Templeton, Matt Hougan
Companies	ultrasoundmoney, EIP 1559, European Investment Bank, Fidelity, Franklin Templeton
Currencies	Ethereum, Bitcoin
Securities	None