Ethereum Market Report 2026

The ethereum market size has grown rapidly in recent years. It will grow from $50.16 billion in 2025 to $58.54 billion in 2026 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to growth of blockchain developer communities, increasing demand for decentralized applications, expansion of crypto asset trading, rising enterprise blockchain experimentation, availability of open-source development tools.

The ethereum market size is expected to see rapid growth in the next few years. It will grow to $107.92 billion in 2030 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to increasing institutional participation in blockchain networks, rising adoption of web3 applications, expansion of tokenized assets and digital identities, growing focus on regulatory-compliant blockchain use cases, continued scalability and efficiency improvements. Major trends in the forecast period include increasing adoption of smart contract applications, rising use of decentralized finance protocols, growing deployment of layer-2 scaling solutions, expansion of staking and validator services, enhanced focus on network security and compliance.

The increasing adoption of cloud-based solutions is expected to drive the growth of the Ethereum market in the coming years. Cloud-based solutions refer to services, applications, or computing resources that are hosted on remote servers and accessed through the internet rather than being stored on local computers or on-premises infrastructure. The uptake of cloud-based solutions is rising due to their scalability, which enables businesses to easily adjust resources according to demand without requiring significant upfront investments in infrastructure. Ethereum supports cloud-based solutions by facilitating decentralized computing, smart contracts, and secure data storage, reducing dependence on centralized servers while enhancing transparency and security. For example, in December 2023, according to Eurostat, a Luxembourg-based government agency, 42.5% of EU enterprises purchased cloud computing services in 2023, mainly for email, file storage, and office software. Therefore, the increasing adoption of cloud-based solutions is driving growth in the Ethereum market.

Leading companies in the Ethereum market are focusing on innovative solutions such as tokenized funds on the Ethereum network to improve asset liquidity, increase transparency, and simplify access to traditional financial products. A tokenized fund on Ethereum is a digital representation of a traditional investment fund, where each token is backed by real-world assets and can be traded or held on the blockchain, offering enhanced liquidity and transparency. For example, in March 2024, BlackRock, Inc., a U.S.-based investment management firm, launched its first tokenized fund, BUIDL, on the Ethereum blockchain. The BlackRock USD institutional digital liquidity fund is fully backed by cash, U.S. treasury bills, and repurchase agreements, providing a stable investment option for qualified investors. Developed in partnership with Securitize for tokenization and BNY Mellon for custody, the fund utilizes the ERC-20 token standard. This marks BlackRock’s strategic move into digital assets, using blockchain technology to enhance financial market efficiency and accessibility.

In November 2024, Bitwise Asset Management, a U.S.-based asset management firm, acquired Attestant for an undisclosed amount. This acquisition allows Bitwise to enhance its offerings by integrating professional non-custodial staking services with its existing products, such as exchange-traded products (ETPs), hedge fund solutions, and private funds. Attestant, a U.K.-based company, specializes in developing non-custodial cryptocurrency staking platforms and offers Ethereum staking services.

Major companies operating in the ethereum market are Microsoft Corporation, JPMorgan Chase & Co., Deloitte Touche Tohmatsu Limited, Mitsubishi UFJ Financial Group Inc., UBS Group AG, Mastercard Incorporated, The Bank of New York Mellon Corporation, Infosys Limited, Credit Suisse Group AG, Cisco Systems Inc., Fidelity Investments, Samsung SDS Co. Ltd., Thomson Reuters Corporation, CME Group Inc., Coinbase Global Inc., The Depository Trust & Clearing Corporation, Sberbank of Russia, BlockApps Inc., ConsenSys Inc., IC3 Inc., Nuco Inc.

North America was the largest region in the ethereum market in 2025. The regions covered in the ethereum market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ethereum market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ethereum market consists of revenues earned by entities by providing services such as decentralized finance, token creation, cross-chain interoperability, smart contract deployment, and supply chain tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. The ethereum market also includes sales of graphics processing units, application-specific integrated circuits, and edge devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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