Thread by @TheCryptoLark

#ethereum is just getting started!

The use cases for this asset are only just beginning, and the future is going to be insane!

Thread

In 2017 the big use case for Ethereum was fund raising. ICO mania was rather short lived, but established a major use case for ETH.

Many said it was a 1 trick pony, but ETH quickly proved the haters wrong.

Since 2018 we have seen the following

- The rise of defi, with an explosion of new apps in 2020
- NFTs were born years ago but remained niche until early 2021 when they exploded
- stablecoins have grown immensely in importance, 10X growth in a year
- Gaming has been exploding recently, it will be much bigger!

With all of this economic activity Ethereum is now the blockchain that settles the most value on chain every day, currently at 22 billion.

But as Vitalik says, it is time to go beyond and seek out new use cases!

cointelegraph.com/news/ethereum-…

Bonds: Boring, I know, but bonds are a 119 trillion dollar market.

The legal complexities of the market mean that we will not see the kind of quick adoption like with degen defi, but banks are already starting to play with this!

coindesk.com/european-inves…

Central Bank Digital Currencies are another area which could be huge! Most countries are launching their own crypto coins. But Lark, surely they will use gated enterprise chains?

Maybe not, look what Israel is doing!

95 trillion of fiat out there...

cointelegraph.com/news/bank-of-i…

What about stocks? Well... we have had the first innovators issuing equity on Ethereum already. It'ss still early days for this this 100 trillion dollar industry. I doubt regulators will be excited to see this happen in any meaningful way anytime soon.

my.itsa.global/blog/first-lie…

Real estate is worth 290 trillion globally. We are already seeing the first use cases of tokenizing ownership shares in real estate as well as registering property on chain.

consensys.net/blog/enterpris…

Insurance markets are worth 7 trillion. Right now crypto insurance only deals with smart contract and hack risks, but this is an industry ready for disruption!

Raoul Pal has been talking a lot about social tokens. This is allowing brands, communities, and creators to issue tokens for example for exclusive content, merch, and discounts

DAO stands for decentralized autonamous organization. Think decentralized communities that enable goverance and trust. the potential of this is huge from government, to companies, to communites, and beyond.

Document verification and identity more broadly are huge huge areas for growth!

An indian state just announced it will be uploading diplomas to Ethereum!

cointelegraph.com/news/india-to-…

Ethereum is worth 270 billion with only a fraction of these use cases getting attention. Even if we consider defi, gaming, & nfts, it's still super niche and far from mainstream adoption.

Ethereum can literally be the settlement layer of the internet.

Cap will hit trillions!