Ethereum, the leading blockchain for stablecoins and DeFi protocols, has seen a surge in institutional investments over the past two months. With double-digit percentage returns in July and August, Ethereum hit a new all-time high of nearly $5,000. Despite its success, the long-term viability of Ethereum as a cryptocurrency remains a topic of debate. However, its dominance in stablecoins and DeFi services, with $150 billion in stablecoins and $90 billion locked in DeFi protocols, positions Ethereum as a solid investment option. Institutional adoption and corporate treasuries investing in Ethereum further bolster its appeal in the crypto market.

Read more at Yahoo Finance: Can It Be a Long-Term Winner?