Digital gold = BTC rn (few years ETH will be recognized as better SoV with having realyield (2.3% rn), lower inflation (BTC: 0.8% vs. 0.7% ETH) and being reserve currency of onchain economy)
Stablecoins: ETH 13.3x lead (TVL) vs. next competitor
Tokenization: ETH 17.1x lead (TVL) vs. next competitor
Prediction markets: Polymarket (Polygon / ETH ecosystem) being integrated into Bloomberg Terminal; competing head on head with Kalshi
Defi: ETH 8.2x lead (TVL) vs. next competitor
Digital Identity & privacy: World (ETH L2 by OpenAI) currently leading in making clear if entity is human or not. ETH best shot at making privacy normal due to it's massive force. ZCash is also awesome.
DePin: let's see how this evolves. Think high incentives of projects to plug into ETH L1 state level security at some point / become L2s.
Capital raising / ICOs: ETH ICO OG. Coinbase, closely tied to ETH ecosystem, recently aquired Cobies Echo to do professional ICOs. MegaETH (ETH L2) most successful ICO this cycle so far.
Decentralized AI: EigenCloud enables unruggable & highly performant AI agents and every other kind of decentralized AI with ETH restaking.
... We already saw first steps with Blackrocks tokenized fund, Sonys L2 Soneium or Bloombergs integration of Polymarket into it's terminal. Much more to come here.
- Blockchain tech provides resilient and scalable infrastructure for most usecases.
2/n
- In this world L2s are used intensely and provide execution for most but not all usecases. With ETH being the global single point of truth regarding blockchain contracts L1 retains always a premium due to it's accessability in black swan events & it's maturity.
3/n