Tether’s $172B stablecoin base trades at a 2.9x TVL multiple, indicating Ethereum’s lower 1.41x valuation ratio.
Citi predicts $3.7T in stablecoins by 2030, while real-world asset estimates range from $2T to $30T.
Ethereum’s TVL recovery to $360B in 2025 aligns with a $500B valuation rebound, reflecting historical expansion patterns.
Tether’s valuation surge has drawn fresh attention to Ethereum’s potential market size by the end of the decade. Data shows Tether’s stablecoin base of $172 billion trades at a 2.9x total value locked (TVL) multiple
Ethereum, by comparison, historically carried a 2.86x multiple but now stands closer to 1.41x. If Ethereum regains a higher multiple on expanding network activity, projections suggest its valuation could scale into tens of trillions by 2030.
Ethereum’s TVL Growth Outlook
Citi analysts project stablecoin supply could rise to $3.7 trillion by 2030. Meanwhile, estimates for tokenized real world assets range between $2 trillion and $30 trillion, with a $10 trillion median
If Ethereum gets $10 trillion in TVL and sustains a 2 times multiple, that framework points to Ethereum reaching $160,000 per token. The relationship between TVL growth and valuation multiples continues to influence forward looking estimates for the ecosystem.
Historical Multiples and Market Recovery
Ethereum’s fully diluted market cap chart highlights multiple surges across past cycles. A spike in early 2018 was followed by sharp expansion through late 2021 and early 2022. Market volatility hit afterward, yet 2025 has shown a strong recovery, lifting valuation beyond $500 billion
Parallel to this, Ethereum’s ecosystem TVL began rising sharply in 2020. It peaked in early 2022 before a mid-year drop, later recovering into 2025 to approach $360 billion. This pattern of expansion and contraction demonstrates how TVL and valuation trends have historically aligned.
Development Activity and Broader Market Outlook
According to Santiment, Ethereum leads global ecosystem development activity, followed by BNB Chain, Polygon, Optimism, and Arbitrum. Strong development positions Ethereum at the center of ongoing network growth
Broader market conditions also influence outlooks. QCP Broadcast reported markets have transitioned from capitulation to recalibration after the Federal Reserve’s recent 25 basis point insurance cut. Fed Chair Jerome Powell described the move as risk management rather than the beginning of a deep easing cycle.
With activity still brisk and inflation near 3%, expectations suggest future cuts could remain limited. Long-end yields climbed due to supply pressures, while equities reached new highs. Gold briefly touched $3,700 before settling, and the U.S. dollar rebounded alongside Treasuries
QCP noted this rebound challenges one-way short dollar trades. Miran added that policy may already be more restrictive than needed, creating conditions for earlier easing if growth weakens. However, labor and consumption remain resilient, giving the Fed scope to move carefully.
The post Tether’s $500B Benchmark Raises Ethereum’s $20T Projection by 2030 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Tether’s $172B stablecoin base trades at a 2.9x TVL multiple, indicating Ethereum’s lower 1.41x valuation ratio.
Citi predicts $3.7T in stablecoins by 2030, while real-world asset estimates range from $2T to $30T.
Ethereum’s TVL recovery to $360B in 2025 aligns with a $500B valuation rebound, reflecting historical expansion patterns.
Tether’s valuation surge has drawn fresh attention to Ethereum’s potential market size by the end of the decade. Data shows Tether’s stablecoin base of $172 billion trades at a 2.9x total value locked (TVL) multiple
Ethereum, by comparison, historically carried a 2.86x multiple but now stands closer to 1.41x. If Ethereum regains a higher multiple on expanding network activity, projections suggest its valuation could scale into tens of trillions by 2030.
Ethereum’s TVL Growth Outlook
Citi analysts project stablecoin supply could rise to $3.7 trillion by 2030. Meanwhile, estimates for tokenized real world assets range between $2 trillion and $30 trillion, with a $10 trillion median
If Ethereum gets $10 trillion in TVL and sustains a 2 times multiple, that framework points to Ethereum reaching $160,000 per token. The relationship between TVL growth and valuation multiples continues to influence forward looking estimates for the ecosystem.
Historical Multiples and Market Recovery
Ethereum’s fully diluted market cap chart highlights multiple surges across past cycles. A spike in early 2018 was followed by sharp expansion through late 2021 and early 2022. Market volatility hit afterward, yet 2025 has shown a strong recovery, lifting valuation beyond $500 billion
Parallel to this, Ethereum’s ecosystem TVL began rising sharply in 2020. It peaked in early 2022 before a mid-year drop, later recovering into 2025 to approach $360 billion. This pattern of expansion and contraction demonstrates how TVL and valuation trends have historically aligned.
Development Activity and Broader Market Outlook
According to Santiment, Ethereum leads global ecosystem development activity, followed by BNB Chain, Polygon, Optimism, and Arbitrum. Strong development positions Ethereum at the center of ongoing network growth
Broader market conditions also influence outlooks. QCP Broadcast reported markets have transitioned from capitulation to recalibration after the Federal Reserve’s recent 25 basis point insurance cut. Fed Chair Jerome Powell described the move as risk management rather than the beginning of a deep easing cycle.
With activity still brisk and inflation near 3%, expectations suggest future cuts could remain limited. Long-end yields climbed due to supply pressures, while equities reached new highs. Gold briefly touched $3,700 before settling, and the U.S. dollar rebounded alongside Treasuries
QCP noted this rebound challenges one-way short dollar trades. Miran added that policy may already be more restrictive than needed, creating conditions for earlier easing if growth weakens. However, labor and consumption remain resilient, giving the Fed scope to move carefully.
The post Tether’s $500B Benchmark Raises Ethereum’s $20T Projection by 2030 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.