Joseph Lubin, founder of Ethereum infrastructure developer Consensys, stated at the Consensys 2026 event that the global economy could transition to a blockchain-based tokenization system. He emphasized, "Tokenization has moved beyond the experimental stage and has become an unavoidable trend. Ethereum is playing a crucial role in this trend. Technological maturity, including Layer 2 solutions, is attracting the interest of regulatory bodies and traditional financial institutions, and transactions within the ecosystem consume ETH, which is positive for value formation. As more economic activities become on-chain, ETH could also acquire monetary characteristics. Recent disruptions, such as DeFi hacks, are merely part of the chaos inherent in the technological development process."
