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Ethereum
and L2 inflows are dominating as the growth of stablecoins and RWAs accelerates.
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Stablecoins are popular at the Bitcoin Conference Which chain dominates stablecoin activity?
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If you’re new to Ethereum, welcome! Some facts: - Ethereum is the leading blockchain for the issuance of stablecoins, real world assets, NFTs, and startup tokens globally - Ethereum has emphasized credible neutrality since the blockchain launched in 2015 and that is why the best builders on the internet and S&P 500 companies like Coinbase, Visa and JP Morgan are all building on it - ETH is a credibly neutral store of value - ETH is more scarce than BTC and scarcity increases as usage of the chain increases - ETH yields ~2%
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Trust in a completley new financial system is earned over time from a deep cultural commitment to credible neutrality. This is why Ethereum wins.
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A few of the craziest false narratives that haters and losers have spread about Ethereum recently: “L2 are bad for ETH” L2s grow the developer network effect, enable apps that distribute ETH as a store of value and burn ETH. “Ethereum is controlled by the Ethereum Foundation” Bitcoin and Ethereum have the same governance: rough consensus amongst developers, miners and users X “Ethereum is slow and expensive” Ethereum’s scaling roadmap is many years ahead of every competitor. “The future of Ethereum is Coinbase” The future of the S&P 500 is Ethereum. Every large company is building stablecoins, DeFi, NFTs and more on Ethereum because it’s the most credibly neutral chain for builders.
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A few of the craziest false narratives that haters and losers have spread about Ethereum recently: “L2 are bad for ETH” L2s grow the developer network effect, enables apps that distribute ETH as a store of value and burn ETH. “Ethereum is controlled by the Ethereum Foundation” Bitcoin and Ethereum have the same governance: rough consensus amongst developers, miners and users X “Ethereum is slow and expensive” Ethereum’s scaling roadmap is many years ahead of every competitor. “The future of Ethereum is Coinbase” The future of the S&P 500 is Ethereum. Every large company is building stablecoins, DeFi, NFTs and more on Ethereum because it’s the most credibly neutral chain for builders.
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