PANews reported on July 5 that according to CNBC, cryptocurrency project founders, developers and some Wall Street institutions gathered at the Ethereum Community Conference (EthCC) in Cannes, France. Now the institutional adoption of Ethereum is accelerating, and BlackRock, Deutsche Bank, Coinbase and Kraken are all built directly on its track.

Ethereum co-founder Vitalik Buterin said in an interview with CNBC that people think institutional investors only care about scale and speed - but in practice, the opposite is true. Many institutions said they value Ethereum because it is stable and reliable and will not go down. They hope that future generations will look back and see a network that truly provides open, free and permissionless access to the public. Tomasz Stańczak, the new co-executive director of the Ethereum Foundation, added that the core reasons why institutions choose Ethereum are the same. Ethereum has not stopped for a moment in the past ten years. When institutions send orders to the market, they want to absolutely ensure that their orders are treated fairly, no one has a preference, and the transaction is actually executed at the time of delivery. As stablecoins and tokenized assets become mainstream, these guarantees will become more and more valuable.