14 reasons you don’t own enough Ethereum
A thread by🧁…
A thread by🧁…
Stablecoins
Stablecoins are crypto’s killer app.
They act as a hedge against volatility & allow users to “cash out” without ever leaving the ecosystem.
As of today, the total stablecoin market cap is $180B.
Nearly 75% of which are home to Ethereum.
Stablecoins are crypto’s killer app.
They act as a hedge against volatility & allow users to “cash out” without ever leaving the ecosystem.
As of today, the total stablecoin market cap is $180B.
Nearly 75% of which are home to Ethereum.
DeFi
Ethereum allows anyone with an internet connection to conduct their finances in a trust-less manner.
In DeFi, you will never cross paths with another bank or middleman.
The implications of this cannot be understated.
Ethereum allows anyone with an internet connection to conduct their finances in a trust-less manner.
In DeFi, you will never cross paths with another bank or middleman.
The implications of this cannot be understated.
Developers
Ethereum is top dog when it comes to developers.
No other blockchain comes close.
It is estimated that Ethereum has over 4,000 monthly active developers, while Bitcoin has approximately 680.
Ethereum is top dog when it comes to developers.
No other blockchain comes close.
It is estimated that Ethereum has over 4,000 monthly active developers, while Bitcoin has approximately 680.
NFTs
In 2021, we witnessed a Cambrian Explosion of NFTs.
Fortune 500 companies, celebrities, & institutions all wanted to take part in this new tech.
However, we have still barely scratched the surface, & this sector is expected to grow significantly as more utility is added.
In 2021, we witnessed a Cambrian Explosion of NFTs.
Fortune 500 companies, celebrities, & institutions all wanted to take part in this new tech.
However, we have still barely scratched the surface, & this sector is expected to grow significantly as more utility is added.
dApps
Every day, dozens of new protocols launch with the goal of furthering Ethereum’s use cases.
As of today, there are more than 3k dApps & 200k ERC20 tokens on Ethereum.
Whether directly or indirectly, each of these bring value back to Ethereum.
Every day, dozens of new protocols launch with the goal of furthering Ethereum’s use cases.
As of today, there are more than 3k dApps & 200k ERC20 tokens on Ethereum.
Whether directly or indirectly, each of these bring value back to Ethereum.
DAOs
DAOs offer a new way to govern organizations.
Rather than rely on a board of directors to make executive decisions, DAOs are governed by the organization’s members and enforced by code.
DAOs are the future of governance.
DAOs offer a new way to govern organizations.
Rather than rely on a board of directors to make executive decisions, DAOs are governed by the organization’s members and enforced by code.
DAOs are the future of governance.
Layer 2s
Ethereum has a war chest of developers building out protocols that will help it scale.
These protocols are light years ahead in research compared to ETH’s competitors and achieve scale without sacrificing decentralization in the process.
Ethereum has a war chest of developers building out protocols that will help it scale.
These protocols are light years ahead in research compared to ETH’s competitors and achieve scale without sacrificing decentralization in the process.
The Merge
Ethereum’s merge will rid the network of its Proof of Work algorithm that is bad for the environment and mark the era of eco-friendly Ethereum.
It is estimated that Ethereum will consume 99.5% less energy under proof of stake.
Ethereum’s merge will rid the network of its Proof of Work algorithm that is bad for the environment and mark the era of eco-friendly Ethereum.
It is estimated that Ethereum will consume 99.5% less energy under proof of stake.
Sharding
Sharding is one of the most important upgrades to Ethereum.
With sharding, the Ethereum blockchain will be split into 64 “shards”.
This will significantly reduce the hardware requirements to run a node, increase TPS of Ethereum & reduce network congestion.
Sharding is one of the most important upgrades to Ethereum.
With sharding, the Ethereum blockchain will be split into 64 “shards”.
This will significantly reduce the hardware requirements to run a node, increase TPS of Ethereum & reduce network congestion.
Triple Halving
Ethereum is set to go through a massive supply shock following the merge, and could prove to be deflationary.
This event is commonly referred to as the “Triple Halving”, where Ethereum will undergo a supply shock equivalent to 3 BTC halvings in 12 months alone.
Ethereum is set to go through a massive supply shock following the merge, and could prove to be deflationary.
This event is commonly referred to as the “Triple Halving”, where Ethereum will undergo a supply shock equivalent to 3 BTC halvings in 12 months alone.
User Growth
The number of unique addresses on Ethereum has been nothing but a straight line up since its inception.
New users will continue to stockpile in as more products and use cases are built out on Ethereum.
The number of unique addresses on Ethereum has been nothing but a straight line up since its inception.
New users will continue to stockpile in as more products and use cases are built out on Ethereum.
Staking
The ETH 2.0 deposit contract has amassed 12.5M ETH.
After the merge, tx fees will go to validators who stake their ETH.
Attracted by the APY, users will continue to rush in to stake their ETH.
It is not unlikely we see a considerate amount of ETH’s supply staked.
The ETH 2.0 deposit contract has amassed 12.5M ETH.
After the merge, tx fees will go to validators who stake their ETH.
Attracted by the APY, users will continue to rush in to stake their ETH.
It is not unlikely we see a considerate amount of ETH’s supply staked.
Liquid supply
At some point, we have to ask ourselves “How much of ETH’s supply is really circulating?”
If you add up the amount locked up in liquidity pools, DeFi, and the ETH 2.0 deposit contract, the answer is not a lot.
At some point, we have to ask ourselves “How much of ETH’s supply is really circulating?”
If you add up the amount locked up in liquidity pools, DeFi, and the ETH 2.0 deposit contract, the answer is not a lot.
Replacing intermediaries
Every faucet of our life involves a middleman.
Whether it be banking, social media, or E-commerce, we always have to trust another party.
What ETH offers is the ability to place our trust in code, rather than a single individual or third party.
Every faucet of our life involves a middleman.
Whether it be banking, social media, or E-commerce, we always have to trust another party.
What ETH offers is the ability to place our trust in code, rather than a single individual or third party.
As you can see, there are quite a few reasons to be bullish on ETH.
Its use cases are unbounded and innovation is happening at speeds never seen before.
I don’t care how much you own.
You can never, ever own enough ETH.🧁
Its use cases are unbounded and innovation is happening at speeds never seen before.
I don’t care how much you own.
You can never, ever own enough ETH.🧁
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