PANews reported on May 29th that, according to Decrypt, Standard Chartered analysts stated in a report on Thursday that Ethereum's current price does not reflect the growth in its on-chain transaction volume, nor the value of digital assets deposited in DeFi applications. Ethereum's price has "significant room" to catch up with its internal metrics, as its native network is expected to benefit from Wall Street's steady migration to the digital asset track. Ethereum has already dominated the stablecoin and tokenization markets, which are poised for rapid growth. Analysts reiterated their year-end price target of $4,000 for Ethereum and projected it to reach $40,000 by 2030. This would bring the Ethereum-to-Bitcoin price ratio back to 0.08.

Standard Chartered Bank stated that stablecoins have accounted for 33% of Ethereum transactions year-to-date. The Ethereum Foundation-backed "Economic Zones," launching this summer, will further boost on-chain activity. With real-world assets becoming on-chain, if RWA grows 50-fold as expected, Ethereum's importance will increase dramatically, and transaction volume and total value locked will continue to reach new all-time highs.