The case for thinking about the blockchain beyond crypto

Wall Street’s sharp rebound hasn’t quite carried over into digital assets still languishing in the cold of an intensifying crypto winter. But the market volatility obscures a quiet blockchain revolution taking place under the surface.

Echoing Dimon, analysts at Bank of America pushed back against the idea that blockchain lacks “intrinsic value,” one of the most. Pointing out that Ethereum’s ledger has generated over $4 billion in transaction fees year to date, BofA suggested the technology has more room to grow.

“We are not yet able to forecast cash flows, given blockchain technology is a nascent industry and cash flows remain unpredictable — but stay tuned,” the bank wrote. “Blockchains may generate cash flows through transaction fees from validating native token transactions or from validating transactions originating on applications that run on top of the blockchain.”Even if crypto assets continue reeling, blockchain’s utility and use cases will keep accelerating.

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