Analysts at Bernstein report that the recent signing of the GENIUS Act is driving substantial investment interest in Ethereum, with ETH's price rising approximately 25% over the past week. The act provides a regulatory framework for stablecoins, which is expected to enhance Ethereum's role in financial markets and increase its institutional adoption.

The article explores the evolution of onchain yield in decentralized finance (DeFi), detailing various strategies for generating yield from blockchain-based assets. It categorizes these strategies based on their complexity, risk, and underlying assets, while also highlighting the distinction between yield-bearing and non-yield-bearing stablecoins. Additionally, it emphasizes the significant opportunity cost for holders of non-yield-bearing stablecoins in the current market landscape.