The next bull market 10x project (1)

ETH

I am bullish on ETH long-term for a few reasons. In the sluggish bear market, the issuance rate of ETH has reached -0.009% since the merger, while the issuance rate of ETH before the merger was 3.5%. By comparison, Bitcoin’s issuance rate is 1.716%.

A significant reduction in the issuance rate means that ETH can deflate with use.

In addition, due to the launch of L2 and Zk networks such as Optimism and Arbitrum, Ethereum has become one of the main competitors for other blockchains to build consensus layers.

Ethereum also has the strongest network effects of any blockchain, and its developer community dwarfs other L1s. Taking all of this into account, I believe Ethereum is still the king compared to other layer 1 networks.