Ethereum
VanEck’s Bold Prediction: Ethereum Will Hit $22,000 by 2030
The current Ethereum price stands at $3,843, having increased by 0.72% over the past 24 hours. ETF inflows and the upcoming US Nonfarm Payrolls report on June 7 are expected to further influence Ethereum price action.
The ascendancy of Ethereum in the digital economy
Ethereum has firmly established itself as a key player in the digital economy, with 20 million active users per month. Over the past year, the platform has settled $4 trillion in transactions and facilitated $5.5 trillion in stablecoin transfers. The Ethereum ecosystem currently holds $91.2 billion in stablecoins, $6.7 billion in tokenized off-chain assets, and $308 billion in virtual currency.
VanEck’s analysis highlights Ethereum’s disruptive potential across various industries, including finance, banking, marketing, infrastructure, and AI. The company estimates that by 2030, Ethereum could achieve market penetration of 7.5% in banking, 20% in marketing, 10% in infrastructure, and 5% in AI, contributing to the projected TAM of 15,000 billion dollars.
Unique value proposition and revenue growth
VanEck identifies Ethereum’s unique value propositions – such as being called “digital oil”, “programmable currency”, “yielding commodity” and “internet reserve currency” – as the main drivers of its potential. growth. Over the past year, Ethereum revenue has seen significant growth, totaling $3.4 billion. This revenue is bolstered by ETH buybacks and burns, which permanently removed 0.4% of the supply over six months, benefiting ETH holders.
Ethereum’s user base and revenue growth are outpacing traditional Web2 applications like Etsy and Roblox. On average, Ethereum users generate $172 in annual revenue, comparable to services like Apple Music and Netflix. This robust economic activity increases demand for ETH, benefiting all holders.
Ethereum’s competitive advantage is further enhanced by its lower cost structure. While companies like Apple and Google receive around 30% of app revenue, Ethereum’s take rate is currently 24% and is expected to drop to 5-10% with the adoption of Layer 2 solutions. This efficiency is likely to attract more businesses and users to the platform.
VanEck also predicts that Ethereum will play a crucial role in AI applications by providing essential infrastructure for AI agents. By 2030, the AI sector could generate $1.2 billion in revenue for Ethereum holders. While finance is expected to dominate Ethereum’s revenue stream, implementing layer 2 solutions will improve scalability, thereby driving future growth.
Conclusion
VanEck’s prediction that Ethereum will reach $22,000 by 2030 is based on the platform’s growing role in various digital sectors and its impressive economic indicators. The company’s analysis highlights Ethereum’s potential to revolutionize finance, AI and beyond, paving the way for significant growth in the years to come.