The EthCC crypto scene at Cannes shows how far Ethereum has come

Cannes – Wall Street is being built on the new plumbing Flesh And this week, architects took over the same French Riviera villas and red carpet spaces. Cannes Film Festival May.

. Ethereum Community ConferenceOr ETHCC took over the coastal city built on infrastructure with crypto founders, developers and some corporate giants.

The crypto Elit climbed the steps of Palais DES festivals on the iconic red carpet-now the flagship of Ethereum was redesigned as the scene of the European event.

“This year, the atmosphere was obvious in Cannes,” Bettina Boon Falleur, the power center behind Ethcc for the last seven years. He said. “When the prestige of the position was combined with the quality of the talks, Ethereum strengthened the height and purpose of the wider ecosystem.”

Private parties spread between cliffside estates and private facilities, but the conversations were less about the price action and the role of Blockchain as the back end of the global finance.

In the eighth year, ETHCC now watched Ethereum’s orbit from the SCRAPPY experiment to the corporate spine.

“This effect was open this year.” He said. “Robinhood discovers deeper integration with the crypto economy to local governments such as the referee and the city of Cannes.”

Indeed, one of the bravest moves came this week RobinityIn the chain, it was the first public US company that started your tokens’ stocks.

In a product showcase in a Belle époque mansion overlooking the sea, Robinhood introduced a comprehensive new crypto strategy, including European users, with the arbitration of US stocks and ETFs with a layer of 2 networks built in Ethereum.

The announcement helped to push the Robinhood stock for $ 100 for the first time, and was caught by more than 30% rally. S&P 500 Recently during re -balancing.

Ethereum Blockchain -specific coin, Ether increased by about 6% week and gathered with several public stocks of Blockchain.

Divinx technologiesMine Bitcoin won more than 1,200% Since I was announced Ether makes the presence of the primary treasure reserve. DigitalWhich Recently Output Bitcoin Mining Ethereum Stoping and Treasury company won more than 34% this week to become a “pure game”. And Sharplink gameThis week, he added more than $ 20 million to Ether than 20 million dollars, increased by more than 28% on Thursday.

Ether ETF entrances are also rising again – a sign that corporate investors heat up.

Ether is still more than 20% this year and is far behind Bitcoin in market value and adoption. However, according to Coings data, the funds that follow ETH were often seen clear entries. Nevertheless, Ether ETFs are only $ 11 billion – $ 138 billion in Bitcoin ETFs.

Institutions do not bet for Hype for Ethereum – they bet on the infrastructure.

Prices stop, and the network is beneficial, even if it faces wind layer revenues and winds coming from faster rivals such as Solana, solana.

“Ethereum is stuck in these basic processing systems,” Et said Paul Brody, Global Blockchain leader, said, “Ethereum is stuck in these basic processing systems.” “Investors, protectors, people carrying money – some of the old mechanisms of doing so faster, cheaper, but very importantly, they will begin to pass through some mechanisms that can do with important new functionality.”

Deutsche Bank Recently announced that it has created a tokecination platform zsync -The faster, cheaper Blockchain-Varlık managers built on the Ethereum meet the regulatory and data protection requirements to help and manage and manage stablecoins and other real world assets.

Coin Kraken also competes to have the transition between traditional stocks and crypto.

Coinbase, with SEC, applied to the token to the token in the public opinion, which will diversify the flow of income and put it into a more direct competition through Robinhood and such as intermediaries. ethoro.

Kraken announced that it plans to present a 24/7 trade of US stock coins in certain overseas markets.

BlackrockThe Token’s Money Market Fund, which was released in Ethereum last year, offers access to qualified investors as BUİDL, which has settled in the USDC.

In the meantime, Stablecoins continues to serve as the backbone of Ethereum’s financial layer.

Circle USDC-Second Largest Stablecoin-Halala It placed approximately 65% ​​of its volume on the rails of Ethereum. According to the end of coingecko “Stablecoins Status” The report constitutes approximately 50% of the Ethereum Stablecoin market share.

“The builders and contributions in ETHCC cannot chase the next bull run,” Falleur said, “They prepare the ground to bring Ethereum home for the next billion users.”

Even if new block chains are faster and lower wages, Ethereum proves the power to stay as a reliable network.

Ethereum’s founding partner Vitalik Bodter, CNBC’e Cannes, institutions just about the scale and speed of the assumption that the assumption-but in practice the opposite.

“Many institutions tell us that they value Ethereum on our faces, because stable and reliable, because it doesn’t go down,” he said.

Butter, companies often ask for privacy and other long-term features, adding the types of concern, “really worth,” he said.

Tomasz Stańczak, New Partner Director Ethereum FoundationHe said that the institutions choose Ethereum for the same basic reasons.

“Ten years for a moment. He said.

When the institutions sent an order to the market, they added that “their orders are treated fairly, that no one has a choice, that the process was carried out at the time of the process is actually carried out at the time of delivery”.

As Stablecoins and Token assets go into the mainstream, these guarantees became increasingly valuable.

The recent transition of the Senate to the Genius Law, along with Circle’s public offering, gave an industrial regulatory tail wind and helped Ethereum’s role of infrastructure layer for finance.

The basic values ​​of Ethereum – impartiality, security and censorship resistance – emerge as competitive advantages.

Now the real test is whether Ethereum can scaE without losing its values.

“We don’t just want to be successful,” said Buteter this week from Palais’s main point. “We want to be something worthy of success.”

He said that hope will look back and see a network that allows future generations to go back, and that they will really see openness, freedom and unauthorized access to the masses.

However, the week did not end in conference halls, it was closed with tradition. Villa Montana’s balcony, looking at the Gulf of Cannes, the Raave Party was illuminated.

White -coated guests sip the cocktails while returning by the DJ pool, curls from the smoke machines.

This year, Chainlink Founding Partner Sergey Nazarov and the founder of Aave Defi symbol Stani Kulechov stood on the balcony overlooking the crowd and Cannes’s light -point silhouette.

It was an appropriate image of the momentum behind the symbol of the institutional rise of Ethereum and the transition of Web3 from niche to the financial basis point.

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