“Major financial institutions feel comfortable actually moving on-chain.” – 01:27
Arjun Bhuptani, Founder & Chief Research at Everclear, joins J.D. Durkin to discuss the recent resurgence of Ethereum and the shifting narrative surrounding it. Just a few months ago, the crypto industry was rife with skepticism, but now Ethereum has emerged as a hot topic, with many investors and companies looking to capitalize on its potential.
Arjun examines why major financial players are now eyeing Ethereum for blockchain adoption. He explains that Ethereum has evolved into a platform where new financial systems can be built, and major institutions are finally feeling comfortable moving on-chain. Arjun highlights how companies like PayPal are recognizing the benefits of a disintermediated business process, particularly in underserved markets.
Lastly, Arjun shares insights from his work at Everclear, which acts as a clearinghouse for Ethereum. He explains how the emergence of layer two chains is addressing scalability issues and allowing financial institutions to create their own ecosystems while still interoperating with Ethereum’s base layer. This shift is crucial for enabling large-scale capital movement between blockchains.