Grayscale Says Ethereum, Solana, BNB Chain May Benefit From CLARITY Act
Summary
- Grayscale said the CLARITY Act and changes in SEC guidance would spur growth in tokenized assets and the DeFi market.
- It said Ethereum, Solana and BNB Chain could be key beneficiaries across on-chain finance and the markets for tokenized assets, stablecoins and DeFi.
- Grayscale also said Avalanche (AVAX), Base, Arbitrum (ARB), Hyperliquid (HYPE) and Tron (TRX) could benefit from greater regulatory clarity.
Forecast Trend Report by Period
A small group of blockchain networks that dominate on-chain finance could benefit if the U.S. crypto market-structure bill known as the CLARITY Act is ultimately enacted, Grayscale said.
In a report released on May 22, Jack Pandl, Grayscale's head of research, wrote that the CLARITY Act and changes in U.S. Securities and Exchange Commission guidance would spur growth in tokenized assets and decentralized finance.
He said on-chain financial activity is currently concentrated on a limited number of blockchains.
In tokenized assets, Ethereum leads the market, followed by BNB Chain and Solana. Pandl also said Canton Network was expanding its influence through a separate network structure.
In stablecoins, Ethereum, Solana and BNB Chain were identified as the key networks by supply and transaction volume.
In DeFi, Ethereum, Solana and BNB Chain also lead by total value locked and application activity.
Grayscale said Avalanche, Base, Arbitrum, Hyperliquid and Tron could also benefit from greater regulatory clarity.
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