Recent remarks from BlackRock CEO Larry Fink have pointed toward the need for a single, unified blockchain for tokenized markets, and have intensified the focus on platforms capable of handling institutional-scale liquidity, compliance, and settlement. With its long track record in smart contracts, extensive developer ecosystem, and growing role in regulated financial products, Ethereum is now emerging as the most likely candidate to serve as the settlement layer for tokenized capital markets.

Why Asset Managers Prefer Familiar Infrastructure

In an X post, the Ethereum Daily shared a video in which BlackRock CEO Larry Fink made it clear that tokenization is necessary. Speaking at the World Economic Forum, Fink said the financial system must move rapidly toward digitization, adding that a single, common blockchain could reduce corruption and improve transparency across the global markets.

While Fink did not name a specific network, the most plausible candidate could be ETH, based on BlackRock’s own initiatives and public statements that emphasized the role of ETH in asset tokenization. The firm has consistently highlighted ETH as a core platform for its on-chain strategy. Meanwhile, BlackRock launched its BUIDL tokenized money market fund directly on ETH, a product that has already grown to over $2 billion in total value locked. “There’s no second best,” Ethereum Daily noted.

In the staking space, Bitmine has turned Ethereum staking into a multi-billion-dollar business. An analyst known as Milk Road has revealed that the company now has 1.83 million ETH staked, worth roughly $6 million at current prices, and plans to scale that figure toward 4.2 million ETH over time. Over the past months, Bitmine Immersion Technologies Inc. (BMNR) has accounted for nearly 50% of all new ETH entering the staking queue.

Staking at this scale is important because it removes ETH from the liquid supply and locks it into long-term infrastructure rather than keeping it for short-term trading. When one player is willing to commit billions of dollars worth of ETH to staking, it reflects confidence in ETH’s future economic prospects. A lower liquid supply, combined with sustained network demand, will create structural pressure over time.

How Support Built Through Multiple Market Cycles

Analyst Milk Road has also highlighted that Ethereum is holding near a critical support zone around $3,000, hovering just above the lower boundary of its long-term rising structure, an area that has acted as a stress test for ETH throughout the cycle. Historically, when ETH drifts into this area, the market will need to decide whether the weakness is temporary or structural.

The $2,750 level remains the key line because it has repeatedly stopped downside pressure after macro-driven or narrative-driven pullbacks, making it a reliable floor for the broader trend. As long as ETH holds above that level, the broader multi-year uptrend will remain intact.

Over the years, Ethereum staking has become one of the most vital and successful aspects of the broader ETH ecosystem, with big companies steadily jumping into the field. The majority of these companies, especially Bitmine Immersion, are revolutionizing ETH staking, turning it into a massive financial sector and edge.

Bitmine Monetized Ethereum Staking At Scale

After the entry of institutional investors, Ethereum staking has been transformed into a significant business opportunity from a technical requirement. At the forefront of this evolution is Bitmine Immersion Technologies Inc. (BMNR), a leading digital asset platform dedicated to improving the ETH ecosystem.

With its remarkable involvement in ETH staking, Bitmine Immersion is proving just how large this opportunity can be. The digital asset platform has successfully transformed Ethereum staking into a multi-billion-dollar enterprise by growing its validator operations and staking infrastructure.

As outlined by Milk Road on the social media platform X, the company intends to increase its present investment of 1.83 million ETH, valued at approximately $6 billion at current rates, to 4.2 million ETH. Bitmine’s plan and robust participation in ETH staking are a clear sign of the growing institutional appetite for on-chain yield.

This expansion demonstrates how staking is now about creating profitable, long-lasting businesses around ETH’s proof-of-stake economy rather than just protecting the network. Over the past month, Bitmine has been responsible for almost half of all new ETH entering the staking queue. 

Milk Road stated that staking at this scale removes Ethereum from the liquid supply and locks it away in long-term infrastructure rather than short-term trading. When a single player expresses a willingness to commit billions of dollars’ worth of ETH to staking, it points to an increased confidence in ETH’s future economics.

According to the expert, structural pressure is created by a reduced liquid supply and ongoing network demand over time. Given the sustained growth in institutional staking, Milk Road is confident that ETH’s price will move higher in the foreseeable future.

ETH Powering Crypto Native Financial Rails

With crypto native financial rails expanding, Ethereum is increasingly being positioned as the core infrastructure for major financial firms. JP Morgan asset management firm has confirmed this narrative with its latest fund launched on the ETH network.

Milk Road has reported that JP Morgan has introduced a tokenized money market fund on ETH, which is now live and already holds over $100 million in US treasuries. The rails are native to cryptocurrency, and the product appears to be traditional finance.

In reality, there is no separation, and there is only a financial product operating on the trains that make the most sense. Interestingly, this is how institutions move into new systems. “Incrementally, and only after the rules are clear enough to deploy real capital. Once they are live, they don’t leave,” Milk Road stated.

In the current market structure, the Ethereum price continues to move in a separate direction from its network’s performance and fundamentals. While ETH’s price struggles to initiate a major rally, the network is performing at a remarkable pace, breaking past prior all-time highs in most aspects of the blockchain, such as staking.

More Ethereum Getting Locked Away

Even in the ongoing crypto volatile landscape, the supply dynamics of Ethereum, the second-largest cryptocurrency asset, are undergoing a quiet but meaningful shift. Currently, ETH staking is experiencing exponential growth, leading to a tightening supply as more ETH gets locked away.

Milk Road, a market expert, stated that ETH is becoming intentionally harder to access in the midst of the strong growth in its staking ecosystem. The chart shared by Milk Road shows that ETH staking has now hit a new all-time high, with millions of the altcoin presently scheduled to be locked away.

While more tokens are being locked into validator contracts, an increasing percentage of Ethereum’s total supply is essentially taken out of daily circulation. The supply of ETH taken by staking has never been this high, snatching over 30% of the entire supply in circulation. 

This points to growing confidence in staking as a yield strategy in the long term and a deeper commitment to the security offered by the network. Meanwhile, the Ethereum network is now secured by approximately $120 billion worth of staked ETH.

In addition to being removed from active circulation, Milk Road highlighted that this supply is also taken off crypto exchanges. When staking rises, and supply shrinks, Mlik Road stated that this trend is a positive signal for price appreciation in the long term, reinforcing the expert’s conviction in ETH to move higher. 

A Sharp Rise In ETH’s Network Activity To New Highs

On-chain activity has experienced a similar growth, rising to historical levels. Crypto Tice reported that Ethereum network activity is at an all-time high, highlighting the blockchain’s rising function as the layer of settlement for cryptocurrency and financial operations.

The network growth is observed among new wallet addresses, of which more than 393,000 new wallets were created in a single day, reaching the highest level ever recorded for the 7-day average of daily wallet creation. Such an increase in activity is noteworthy not only for its magnitude but also for its tenacity, occurring despite the continued volatility of the market.

It is worth noting that these types of growth are subtle as they do not show up at the tops, and momentum is gradually picking up again. However, when it does show up, it is accompanied by a quiet spike in adoption beneath the surface; a clear instance of how increasing demands follow an expansion in usage.

At the time of writing, the ETH price was trading at $3,119, demonstrating a nearly 3% decline in the last 24 hours. Its trading volume is also showing bearish performance, dropping by more than 16% over the past day.