Thread by @FigoETH

Ethereum leads significantly in following dimensions critical for it's success:

- security: L1 state level secure (5 clients, 1M validators etc.)
- reliability / maturity: 100% uptime last 10 yrs
- resilience: governance can't be captured
- scalability: 20k tps rn (theoretically 45k+ tps possible with Lighter), MegaETH doing 100k+ tps next few weeks; 3-5 yrs 10k+ L1 tps
- Defi ecosystem: 10x lead in stablecoin TVL to next (far less) decentralized competitor
- network effects: EVM most adopted VM, developments of L2s benefit whole ecosystem etc.
- institutional adoption: L2s from Deutsche Bank, Robinhood, Sony, OpenAI, Alibaba etc. with Blackrock leading the pack
- innovation: L2s & EigenCloud enable to do all kinds of innovations
- dev mindshare: 3x to next competitor

If anyone tells you that ETH isn't cleary leading rn then those people haven't done much deep dive or have some huge bias.

Endgame is ETH.

https://x.com/FigoETH/status/1987564393513853317

And it's even worse, BTC has definitely a security issue (fees not compensating declining block subsidies), ETH researcher Justin Drake assumes a 51% attack next few years by a high profile attacker.