(1) The decentralized, borderless, and distributed office characteristics of blockchain have led to a fully competitive free market. There are no data islands, the free flow of capital and information, and the job-hopping of elites is not restricted by the body and national boundaries. The free market means a strong Matthew effect. Therefore, as the leader of the public chain, Ethereum's advantages will be magnified step by step.
(2) The core of blockchain is Dapp, and the core of Dapp is developers. From the perspective of developers, learning and using solidity is the top priority. After all, almost all Dapps are written in solidity, which has good employment prospects, a large market, abundant documentation, and many wheels. If developers learn and use the smart contract language of other public chains, they will inevitably have to weigh the learning difficulty, versatility, and cost-effectiveness. Most public chains have a clear understanding of this and have begun to be compatible with EVM. After all, what is the value of a public chain that no one uses?
(3) ETH’s conversion to POS will be a major long-term benefit for Ethereum. Almost all POW tokens have the problem of power-wealth asymmetry. The development and voice of the chain are in the hands of the core development team and miners, while the holders of the coins actually have no power. From the perspective of large funds, compared with the returns, they may consider security more - whether the funds are safe, whether proposals that are unfavorable to me will be passed, etc. After Ethereum’s conversion to POS, this problem can be solved to a certain extent, giving large funds a reassurance - the more coins I hold, the more voice I have, and I am safe enough. This may cause old money entering the cryptocurrency field to transfer from holding Bitcoin to Ethereum.
