Institutions purchased 4.7 billion USD in ETH in the past week, and the market capitalization of stablecoins increased by 6.72 billion USD

According to the Lookonchain report dated August 18, institutional investors significantly increased their investments in Ethereum, acquiring a total of 4.7 billion USD in just one week. This surge highlights growing interest in ETH from large financial entities.

The stablecoin sector also experienced growth, with a total rise in market capitalization of 6.72 billion USD. This increase is largely attributed to the presence of USDT and USDC on Ethereum, which combined contributed 4.46 billion USD.