Lubin: Ethereum adoption on Wall Street could boost its value 100x

Consensys founder Joseph Lubin said that mass adoption of Ethereum on Wall Street could increase its value by 100 times. He stressed that ETH has the potential to surpass bitcoin as the primary “monetary base.”

According to Lubin, financial institutions will need to transition to decentralized rails: running validators, participating in staking, leveraging layer-2 solutions, and integrating smart contracts into financial products.

He believes Ethereum can replace many fragmented technologies used by traditional banks, sparking a sharp rise in demand. Lubin also agreed with Fundstrat’s Tom Lee, who forecast ETH dominance over bitcoin in terms of network value.

Analysts note that Ethereum’s market cap is currently about one-quarter of bitcoin’s, but ETH’s market share has doubled since April 2025 to reach 14.3%.

Growing demand is also evident in stablecoins issued on Ethereum, which exceeded $160 billion — twice as much as at the start of 2024. In August, ETH gained nearly 19% to hit an all-time high of $4956, before pulling back below $4400. At press time, ETH trades around $4470 with a market capitalization of $539.6 billion.